Thank you very much, Mr. Chair.
Thank you, colleagues.
This is an interesting study, because we're talking about a project that was originally analyzed and discussed by the CIB over three years ago.
What we're trying to understand is the CIB's thinking around the public good that's involved in these investments. The CIB isn't just an investor; it's an investor of Canadians' money, so we shouldn't be seeing the bank simply making investments in projects that the private sector can finance itself unless there is some tangible public good. That's why the piece around greenhouse gas emissions is so interesting.
My first question is for Professor Winfield.
You've heard the discussion so far, and you've heard Mr. Cory's explanation of the rationale when it comes to greenhouse gas emissions. I'm wondering what other assumptions you would need to know in order to better understand the CIB's analysis of the picture three years ago when it came to greenhouse gas emissions.
To really understand the climate benefits of this project, what other information would you need to know that the CIB had before it at the time?