Environment committee  I'm not sure how you're getting the 6:1. We're disclosing a very different ratio from that, currently.

Environment committee  No, I know you're saying $30 billion to $5 billion, but I don't reconcile that. I encourage you.... We are disclosing that financing ratio. We will show you how we calculate that. I could submit that to you after this committee meeting. That ratio was based off a global standard that we are using to disclose.

Environment committee  As you talk about investing in any country, investors look for certainty. They look for opportunity. Therefore, as you think about attracting capital, tax policy is very, very important. There are a number of ways of looking at tax policy, at the end of the day, but tax policy is a big part of how we need to think about being competitive in the world.

Environment committee  To your point, we need $2 trillion of capital. I won't speculate what it will do or won't do at this time, but a stable, predictable tax regime is very important.

Environment committee  Solving our housing challenge in Canada is absolutely critical in attracting and retaining the talent we need for the success of our economy and the prosperity of our country. We are obviously short of housing currently. There are a lot of initiatives under way to try to close that.

Environment committee  Productivity is linked to competitiveness. For us to continue to enjoy the quality of life we have and the prosperity we have in this wonderful country, we need to be competitive and we need to be competitive on a productivity basis. We need to attract investment to do that. All the things we've talked about—ensuring a successful climate transition, having a stable tax regime, solving for housing and encouraging investment in more productivity—are an important part of the overall competitive landscape in Canada.

Environment committee  I respectfully disagree with your points. We are a big part of the solution. You've seen the commitments we've made to transition financing. You've seen the transparency that we have in terms of the emissions that we have from our core sectors, whether it's automotive, transportation, energy or manufacturing.

Environment committee  The energy sector is a big part of the Canadian economy, and as I said in my remarks, this is a transition. This is a complex transition. We are not getting off fossil-based fuels immediately. To just stop is not an option for us. We have to commit to finding greener sources of energy.

Environment committee  We're financing the transition. Energy is still a big part of the Canadian economy; therefore, we have to continue to support the economy as we make the transition. You have to do both. You can't just do one. Therefore, we're focused on emissions and we're focused on reducing—

Environment committee  I don't have that number in front of me. I can tell you we've made a $15-billion commitment to the transition. We have made a $500-billion commitment to sustainable—

Environment committee  We've financed $400 billion of that $500-billion commitment to sustainable transition so as to make that. I don't have the number off the top of my head because—

Environment committee  No. The $400 billion I referred to was sustainable financing across a number of initiatives. I was trying to explain, before you cut me off, that we finance a number of transition initiatives from equity [Inaudible—Editor] small business—

Environment committee  I can get that for you. No, I don't have it at the top of my head. It breaks down by different sectors, different countries, different regions and different capabilities. We can get that for you. It's in our disclosure, so you could look it up as well.

Environment committee  Sure.

Environment committee  To be clear, the request was for our financing from fossil fuels.