Mr. Chair, Mr. Fast has relinquished his time to me. Thank you.
I want to carry on with the line of questioning of my friend Mr. Julian across the way, and that is in relation to accidents and statistics. I did some investigation of this. As most of the committee members are aware, the U.S. has much different reporting standards from Canada. In fact, if you look at them, we have heard time after time in this committee that Canada has the safest system in the world for rail, but when you look at the U.S., their accident rate dropped almost 20% from 1989, from 4.7 accidents per million train miles down to 3.5 in 2006—and that's from 1989 to 2006. In Canada it went from 12.4 to 11.9, or barely a 5% decrease in the same time.
I'm wondering, first, why we have not done the same, and if there have been any studies or initiatives towards having an international standard for reporting of accidents. I know that the U.S. standard is monetary; I think it's $8,700, and it's covered by regulations. Why don't we adopt a similar standard, so we can compare apples with apples and see how our industry—which, quite frankly, for the most part, is a duopoly, with two major train operators—compares? Why don't we adopt an international standard, including Australia and the U.K. and most of Europe and the United States, so we can see apples with apples and actually be able to decide what's going on?