Thank you, Mr. Chair.
I like what Ms. Jones said about defining the regulatory objective. One of the objectives around which there's a lot of regulatory development is the need to reduce climate emissions.
I am curious about the B.C. Business Council's perspective on this, because we see two main approaches. We see a pricing approach—an attempt to send a market signal that will drive emissions reductions—and we see mandatory performance-based regulations. In British Columbia, there's a zero-emission vehicle mandate; there are methane emissions regulations, and there is the building step code, which I mentioned earlier.
Which of these two policy tools does the business council feel should receive the most emphasis, assuming that the council supports the objective of reducing greenhouse gas emissions in line with our targets?