Mr. Speaker, it is hard to sit here and listen to the fearmongering and so on.
The Minister of the Environment, through the private member's bill presented by the Liberals, was asked what the cost would be of meeting our Kyoto targets immediately. He did exactly what he was asked to do. They may not like the answer but the fact is that it actually will have some economic cost. It was not just done by the economists within the government departments. It was also reviewed and verified by independent economists.
We knew that if the bill were to become law that there would be devastating economic issues to be dealt with. However, that does not mean that we do not believe we should deal with our Kyoto targets and that we do not believe that something needs to be done about greenhouse gases.
We have been working on that. We can look at ecotrusts, ecotransport, ecoenergy and what we did on the transit system. We put $4.5 billion in the budget that, hopefully, the House will pass. We have been spending money and putting programs together to actually take action.
In the next number of weeks, the minister will be announcing the hard targets that we are expecting. We have been moving on this side of the House and we have been taking action. For members to pretend that we are not and to say that we are fearmongering, I must say that being honest with Canadians is not fearmongering. I think Canadians expect an approach that is appropriate from their government.
If there is a carbon exchange, would the member still support it if it were not in Montreal?