Mr. Speaker, I appreciate the thoughtful context with which my hon. colleague has asked the question.
Kyoto could be a missed opportunity. Ratification of Kyoto is the first step. In addition to that, as a government, we must look at the tools at our disposal, and that may be regulatory, and it may be incentives that we build into our tax system.
The next piece of the Kyoto protocol and the implementation, which is probably the more interesting piece, would be found in the budget and in the regulatory regimes that we would bring forward which would impact industry.
However, I would point out to my hon. colleague that while Canada is inside Kyoto and the United States is outside Kyoto, smog and greenhouse gas emissions do not need a visa to cross the border. So his point is well taken. That is why the governors of the eastern states have formed an agreement with the maritime provinces and they are working on reaching the kind of targets that are maintained within the Kyoto protocol in reducing those greenhouse gas emissions.
I would also point out to my hon. colleague that there are international companies, like DuPont, that have brought down their greenhouse gas emissions by 85%. There are many large international corporations that voluntarily are recognizing that this is a regime that would be worldwide. As all industries that are successful, they want to be ahead of the pack and are already moving in that direction. As the government we need to continue to facilitate that in order to make jobs viable in Canada.