Environment committee  Absolutely.

Environment committee  I can't reconcile any of the numbers that you mentioned, but as you think about the complex journey we're on, it's important that we made a $15-billion commitment to investing in renewables. That's going to make a significant difference in the journey. We've made a $1-billion commitment to—

Environment committee  There was one complaint from an individual to the Competition Bureau. The Competition Bureau did a full review, and we've not heard anything from that whatsoever—

Environment committee  We have a very strong and diverse board of directors with many skills. The board of directors has access to our full management team, which is highly skilled in climate change, from engineers to experts we rely on in our climate institute and in our management and finance teams.

Environment committee  I think it is very important that we have a strong taxonomy for the country, not only for domestic investment in our transition, to your point, but also for international investment. When you're trying to attract $2 trillion of investment by 2030 to make this journey, when you have to double from $30 billion to $60 billion, when you have to transition your energy grid and those sources, it's very important that we, as a country, agree on this journey, because one of the risks to not being successful is not agreeing on how we want to make this journey as a country, as individuals, as companies, as governments and as municipalities.

Environment committee  If you look at the Canadian economy, RBC is one of the largest banks in the world. It's a top-10 bank in the world. If you look at the energy-intensive nature of the Canadian economy, it's going to take us a while to transition. It's a very complex journey. Therefore, our focus is obviously on transition financing and on emissions.

Environment committee  I really believe it's important that every company has a plan. As I said in my opening comments, 80% of our energy companies have a plan going forward. It's very important that we're transparent in tracking those plans and the progress of those plans. It's a complex journey. We have to get moving.

Environment committee  Thank you, Mr. Chair. Before I begin, I want to respectfully acknowledge and give thanks to the original peoples of the lands upon which all of us now live and work. Thank you for the opportunity to speak about how RBC is helping to accelerate the transition to a greener economy.