Environment committee  I'm not sure that I understand your question.

Environment committee  The government did some studies, and some were done outside the government. Recently, in fact, a study was undertaken on the Kyoto Protocol objectives. However, all of these were based on the premise that we had 10 years to meet the targets. Even more recent studies were based on

Environment committee  We believe that the analysis is reasonable in both cases, that the economic impact that comes out of the analysis is reasonable in both cases, yes.

Environment committee  It's a fact that in the case of Bill C-288, if I could speak about that—

Environment committee  The results were presented to, I think, five or a number of fairly well-known economists that are put at the end of the document, and like us, they reviewed the results and provided their assessment to Environment Canada. So they were not doing the analyzing; they reviewed the an

Environment committee  If we'd thought that one was less rigorous than the other, yes, it would have been our responsibility. But we thought both were of the same rigour, done with the same model, with the same approach, by the same people, and in exactly the same way, as far as I'm concerned.

Environment committee  We started in 1992 developing, as Paul said, generic accrual models, which are different models from what is used by Environment Canada. We developed these models over time, and they are now dynamic models, more state-of-the-art models. And we keep developing these models, yes, s

Environment committee  I think the document published by the government had some estimate on electricity, and the impact should be fairly limited again, at least in the early years, on the price of energy. As for the exact number, I think they put some numbers in their documents, so I would in fact ref

Environment committee  Within the plan itself?

Environment committee  The only way to account for any potential loss of Canadian business earnings would be to base our assumptions on the 2008 European market price, since that is where the only real market currently exists. We have to know the price. Since the current market price is very low, the l

Environment committee  It's a short-term cost. The long-term impact on the economy would be different. The economy would be weaker, but would rebound later. Measures of this kind would have fairly significant economic impacts, even over a 10-year period. We would see some decline, as in the 1980-1982

Environment committee  No.

Environment committee  Yes, Denis is right. It was published in 1992. Other analyses we did afterward were all done with permit—[Inaudible--Editor]—and a carbon tax.

Environment committee  That would be high. We trade basically 80% to 85% with the U.S., so the rest is the rest of the world.

Environment committee  They consulted with us about the base case for GDP growth in their model, and it matched roughly what we got as the average from private sector forecasters.