Mr. Speaker, the Montreal Exchange, which has expertise in derivatives, is ready to launch a carbon exchange. For this exchange to succeed, the federal government must adjust its regulatory framework immediately to recognize the past efforts of companies in Quebec and require polluters such as the oil companies to make absolute reductions.
Will the Prime Minister recognize that he is responsible for establishing that framework by selecting 1990 as the reference year instead of 2006, as is the case in his tailor-made plan for the oil companies?