First of all, with respect to the general point about what difference is made, what the provision in the legislation is that changes anything, we have tried in our report to give you a detailed—almost clause-by-clause—assessment of what is different between the current government CSR strategy and Bill C-300. They're compatible; they can work together. But there is certainly a sense in which Bill C-300 adds a level of transparency and accountability that is not currently in place.
Turning specifically to the Equator Principles and to the implications for EDC, I agree with you that Bill C-300 adds really only a small additional piece to the puzzle. This is not dramatic re-engineering. It says precisely that principles like the Equator Principles and the other principles to which I referred now have to be acted upon by the EDC. They're not just to be taken into account at the outset of a project, but if EDC concludes—and it's held accountable to conclude—that Canadian public moneys are not being spent in a manner consistent with those principles, the funds are to be withdrawn.
That step is implicit, one could argue, in the use of the principles that are now in place. But if I dare say, as a lawyer, I think the specificity is worth having because it places an additional level of accountability onto EDC to the Canadian taxpayer and to Parliament to make sure its moneys are really being used in a manner consistent with the principles. In other words, it's not going to be enough for EDC to say, “Yes, yes, yes, those are principles; we think about them; we thought about them way back then.” There is an ongoing watching brief.