Certainty is key to informing investment decisions. Any uncertainty that exists out there creates a big challenge for the industry. We're starting to see things gel, with respect to where the regulatory environment and the policy environment are going. We're encouraged by that. Canada is needing to move. The provinces indeed are moving. Alberta has its rules in place. B.C., up to today, has its rules in place. A lot of it hinges on where the U.S. is going to go in the next while.
We are seeking clarity. But there are many players involved, and we recognize that it's going to take some time. The fact that a price on carbon has been placed in Alberta and B.C. is helpful. Understanding where that price is going to go in the future, and the tools or the mechanisms used to apply that price, is the next stage in where we need to go.
So there's a great deal of uncertainty. It makes it difficult for us to predict. The uncertainty exists in the investment community too, so it's not only our business and our people. We need to defend where the policy and regulatory environment is going when we go out to seek capital for our investments.