Mr. Speaker, my question has to do with investor confidence or, in this case, the lack of investor confidence.
A recent survey of Wall Street investment fund managers shows that foreign investor confidence in Canada's oil and gas sector would be crippled by Kyoto. Of those who have an interest in Canada's energy sector, 90% said the industry would be hurt, while 60% said they would re-evaluate investing in Canada's energy sector.
In the Liberal government's race toward ratification it has failed to alleviate the fears of those investors, both Canadian and foreign. The extra costs the energy sector will face under Kyoto will not promote investor confidence. Not only will foreign investment be threatened by Kyoto, but Canadian investment threatens to go south.
I would like to ask the minister what specific steps he and his government have taken to try to ensure that foreign investment will remain in Canada during this period.