Thank you.
I'm interested in Mr. McKay's reference to the Norwegian pension board. Perhaps it would be more appropriate to talk about the CPP Investment Board and the status quo of what they do.
I'm going to read from their submission to us:
WHAT ACTIONS DID WE TAKE?
We continued engaging with Canadian and international oil & gas and mining companies operating in high-risk countries, including Burma, the Democratic Republic of Congo and Guatemala to encourage improved transparency and risk management strategies.
We discussed environmental and social risks with several Canadian and international oil & gas and mining companies as part of regular meetings with senior management.
We are a supporting investor of the Extractive Industries Transparency Initiative (EITI). The EITI is a multi-stakeholder initiative of governments, companies, investors and non-governmental organizations that supports improved governance in resource-rich countries through verification and publication of company tax and royalty payments and government revenues from oil & gas and mining companies.
I like the status quo. That is the status quo in Canada, and it's the kind of regime these people are currently working under.
My question is particularly for Mr. Peterson.
If you were in the Liberal government today—God forbid the thought—and were the international trade minister, what would you say in that capacity about this bill, with your prior experience in that capacity? What are the limitations? What are the problems from your perspective as the hypothetical current Liberal international trade minister?