It is a perfect point, Madam Chair. We have already experienced it. AbitibiBowater sued the government for $500 million through chapter 11 in NAFTA. We had to settle out of court. I would love to have been a fly on the wall to hear some of the discussions, because I have a mill, quite frankly, operated by them for a hundred years that they have not cleaned up and I hope that they will. That discussion should have been had.
I will leave that for another day, but nonetheless, I will talk about the fact that yes, in many cases, the local municipalities have to have some built-in way to bolster their own economies. We already see it, and to face penalties that are major from a foreign nation will be a crippling one. I think that the Federation of Canadian Municipalities has some very good ideas about this and I certainly hope it brings them to the table.
I will give a good example. Ontario's Green Energy Act has some built-in policies that would bolster the local economies. Would that face a challenge under an investment regime set up by this free trade agreement? It possibly would, but we have got to address that by showing an example. The Europeans want to protect their own as well. Let us not kid ourselves. Let us come out with something comprehensive. We have a year and a bit to go. It is time to start talking turkey, as it were, with these comprehensive trade agreements and sub-national governments.