Environment committee  Since the question was put to me, all I can say is that we've laid out a very clear plan as to how we will manage through this transition. I'm not sure whether I can add anything. I think the point on the taxonomy is important. Thank you.

Environment committee  We have laid out a very clear climate action plan as to how we are helping our clients achieve their net-zero goals. We have laid out a strategy that clearly outlines the basis on which the bank will—

Environment committee  I'm not sure I really understand what the actual question is.

Environment committee  For the orderly transition we are talking about, we need to keep an open mind as to what makes sense to be included in that. Nuclear can play an important role, and I think you rightly point out that it's something we should be seriously considering.

Environment committee  We've been one of the leaders in announcing a climate action plan as to our path to net zero, but I've also been very vocal and a big proponent of an orderly transition. We've been very transparent as to how we get there, the commitments we've made, and what kinds of interim targets we plan to meet as well.

Environment committee  We've set out a climate action plan, as I mentioned in my opening remarks, and we also report on it on a regular basis. In fact, I refer you to the March 24 release of our sustainability suite of reports, which clearly outlines the methodology—

Environment committee  We are a great believer in an orderly transition, and we have to do both. We have to support the responsible oil and gas industry as we go through this orderly transition, and at the same time make sure we're providing the capital and the investment to move to a net-zero world.

Environment committee  It's hard to model specifically what each tax would do. I think the important point, which I think Dave McKay made, is predictability, stability and understanding how taxes drive decisions. This is early in terms of the new tax and what it will do. Time will tell, but it is important to have a stable, predictable tax regime in order to drive long-term investment decisions.

Environment committee  We released a climate action plan in 2020 that lays out a road map as to how TD gets to the net-zero world. In the meantime, we have also provided interim targets. We also annually provide a reporting suite with clear criteria as to how we measure our progress. In my opening remarks, I talked about the sustainability and decarbonization target of $500 billion in the first year alone.

Environment committee  Board members have to declare all of their conflicts when they attend board meetings. If there is any conflict of any kind, they recuse themselves from any decision. That's how it operates in every major corporation in Canada, and we follow those rules very diligently.

Environment committee  Thank you, Mr. Chairman, and good afternoon. Thank you for the opportunity to speak about the important study this committee is undertaking. Thank you to my colleagues for providing the land acknowledgement, which we as well acknowledge. Today, we find ourselves in the midst of a global economic transition to net zero that is unfolding against a backdrop of socio-economic and geopolitical challenges.