I'll answer the second question first. No, we were not consulted. I don't think you can use the fact that we participated in the round table as a proxy for that consultation. From our perspective, this is not in keeping with the round table outcomes. I don't know why not. I'm not in a position to answer that.
As to other things that are going on globally and why, I'll start by almost echoing some of the previous questioner's comments. Mr. McKay and I have spoken directly. The outcomes we want—improved performance, improved conditions in developing countries—are exactly the same. We have different conceptions of how to get there and how quickly we can move.
The reality is that the international terrain is changing. The IFC guidelines are once again in an amendment process, which is itself a multi-stakeholder engagement process at an international level. Canadian companies will probably have their views submitted through the International Council on Mining and Metals. The international mining community is engaged in bringing in and improving those IFC standards. Yes, they will be working with the Ruggie outcomes to fill some of those human rights gaps that are recognized by all parties, as they were in the round table process. These standards are not now being addressed as directly as they should be, but this is changing quickly.
The legal side continues to evolve. Accountabilities will be increasing. But what's the best answer for industry at the end of the day? The best answer for industry is always to put in place good practices, which we hope will incorporate at least some of our work on TSM. As for the IFC standards, you just cannot get any money to fund a project without being subject to either the IFC standards or the Equator Principles, and they are exactly the same thing. You either have to have a project that's less than $10 million or you have to be able to fund it entirely yourself, which at the moment only the Chinese seem to be able to do.
I think those accountabilities are there. We'd like to see greater work done at the multilateral level on helping countries build their capacities. I worked for the Government of Canada for many years. I know we have lots of agreements on transport of hazardous waste and informed consent on hazardous materials. We placed a burden of cooperation on developing countries. But did we actually supply them with the support to deliver on their end of the process? The answer was no. So building capacity is hugely important.