Okay, thanks. I appreciate your answer.
Mr. Leach, it's nice to meet you virtually, although I feel I already know you through our interactions on social media.
I want to pick up on the price of carbon. I want to pick up on some of your recent writings, actually, on your blog postings.
You talk about the viability of the oil sands. You're looking at what even a $50 per tonne carbon price could do to the oil sands industry. You argue it presents a really serious risk to its economic viability.
I'm trying to explain it in my layman's terms. You're arguing that some people will say the emissions are really downstream. That's where the problem is. But most of our carbon policy exposure comes from other jurisdictions, the fact that another jurisdiction might put a price on carbon or another jurisdiction might implement other kinds of environmental regulations.
Do I have that right?