Environment committee  My understanding is that the government has absolute authority for deciding at the end of the day on the taxonomy released to Canadians. We are making recommendations. There are multiple constituents at the table, from asset managers to pension funds and insurance to banks. We're just one participant in the overall stakeholders in the framework.

Environment committee  No, I wouldn't agree. I think their taxonomy requires a broader group of stakeholders to agree. Don't forget, investors are coming in all shapes and forms and from all sectors of the economy, inside and outside of Canada. They're seeking broader agreement on how Canada looks at the framework.

Environment committee  The government is acting as a convener and helping bring together multiple sectors to try to find agreement where there are very differing views between some sectors. They're convening. It's multi-sector. I think that's the very definition of the role of government: to help convene on tough issues, think through policy, get input and make recommendations.

Environment committee  No. I think that's why you talk. That's why conversation is important—to understand different perspectives, to explore them and to explore solutions as part of a multi-stakeholder group. I think that's how you build a better country.

Environment committee  We have definitely exited relationships around the world. It is, overall, part of our risk strategy. As for your question on the 20%, we're actively working with them. We have set targets around moving that 80% number towards 100%. This is a 30-year journey, so we're on that way.

Environment committee  What is actually transpiring is that we're working with our clients to help them reduce their emissions. We're helping finance that transition. We're making unprecedented commitments to investing in Canadian renewable energy. We're making unprecedented commitments and executing on investing in equity and new solutions.

Environment committee  We are working with first nations across the country. Many first nations are equity participants in energy projects, including pipelines across Canada. It's a big part of reconciliation—

Environment committee  —in our country to allow our first nations to participate. They're a big part of the solution in our energy transition, and they are participating.

Environment committee  I think it's really important that we continue to work with all levels of government, not just federal but provincial and municipal, to come up with the solutions, ideas and policies that enable us to make this transition.

Environment committee  Yes.

Environment committee  I can't reconcile where you get the information that we're the world's largest financier of fossil fuels. I don't believe that to be true.

Environment committee  I'm not even sure if that's accurate, but we will fact-check that for you. Certainly it's not in the world, and I don't believe that's correct either. As far as your comments are concerned, are we committed to this transition? I take that as the theme of your question, and we're absolutely committed to this transition.

Environment committee  We are in a transition. Therefore.... We are not making the transition overnight. We are going to need this source of energy until we find new sources of energy, so we must transition this economy away from carbon-intensive.... We're not there yet.

Environment committee  I think it's important that we continue to work with our clients on a transition. We have 80% of our clients who have presented a transition plan to get to net zero. It's important that we do this in an orderly fashion, or we risk the entire journey. We have to protect jobs along the way.

Environment committee  As we talk about renewables, it's just one part of the overall commitment to the energy grid. As we talk about the reduction in overall emissions from our economy, it's going to require further investment. Working with our customers to transition their businesses across every sector of the economy is not only going to require information, advice and support; it's going to require financial support as well.