Mr. Speaker, my colleague, the parliamentary secretary, passed over something that is critical and I would like to clarify the record.
When it comes to the motion before us today, which talks about the creation of a market based approach to emissions trading, particularly as demonstrated in the example of the Montreal exchange, what we heard from witnesses consistently was that in order to have a viable and verifiable exchange, which is commonly known as a cap and trade system, there needed to be a cap and that cap had to be a target that was seen as absolute to allow industry the certainty to know what the value of carbon emissions would be in the future.
In supporting the notion of a Montreal exchange, which we have been told requires an absolute cap, is the member now supporting an absolute fixed target for Canada's emission requirements?