Mr. Speaker, there has been extensive work done within the Department of Finance. There has been extensive work done in conjunction with the Minister of the Environment on the whole issue of economic instruments on tradable permits. We have discussed this at the same time with our counterparts internationally within the G-7. We have advanced the yardstick substantially. Unfortunately when we took over government in 1993 we virtually had to start at zero.
In the House of Commons on October 28th, 1997. See this statement in context.