Senator Woo: Yet, Senator Mockler, the bill is ostensibly a finance bill. It has to do with the fiscal position of the government. It has to do with modes of taxation or exemption from taxation. It has questions around the design of systems to encourage lesser emissions of greenhouse gases.

Did you consider any of these factors? Will your committee as a whole reconsider taking on this request from the chamber?

[Translation]

Hon. Yuen Pau Woo: My question is for the Chair of the Standing Senate Committee on National Finance.

Senator Mockler, on June 13, this chamber referred Bill C-234 to the National Finance Committee for study on the subject of matter of that bill. My understanding is that the steering committee of your committee has chosen to not accede to the request of the chamber.

Could you explain the reasons why it has done so?