Mr. Speaker, unlike the Prime Minister, the chair of the Lloyds of London, Peter Levene wants the world to take urgent action on climate change. Yesterday in Montreal he said that we needed to act on climate change strictly for economical and commercial reasons.
If we act now, greenhouse gas emissions could be stabilized at the cost of 1% of GNP. If we do not act, 20% of the world's GNP will absolutely vanish. It will be wiped out.
Does the Prime Minister understand this simple math? Will he start thinking ahead and preserve our economic future by pushing for firm targets and—