There's no question that if you set out a target and a framework in which people can work effectively, knowing that we want to achieve the long-term objective—say, closed-loop engineering—one of the things you can do in your taxation system, the things that support doing the right things, is to look for supporting innovative technologies, much as the government has combined forces with the Canada Foundation for Innovation or with Sustainable Development Technology Canada. That's all about finding technologies that help us meet long-term objectives by acting now.
So we set up tax frameworks or grants that let people get on with it. At the moment, we don't have an economic system that supports what I consider to be high-risk and ultimately high-return projects when they're in the high-risk, low-return stage. So the government's financing system, that very backbone of how we view economic profitability, can be used to achieve this objective of clean air. But it means overhauling the way we think about what we tax and how we tax it. If you want these objectives to be achieved, I'm pleading with you to try to integrate your thinking with what the barriers are in our fiscal system that are preventing people from making the right choices. Everybody will make the right choice if they have the framework in which to make it. We have a framework that's perverse.
There are many technologies out there. Probably some of them are going to be groundbreaking. But I would say they're 20 years away from becoming commercial activity. So we need things that bridge us to using those new technologies to get into a low-carbon world. Forget the low carbon. We need a world that works on closing its loops, so we don't use the airshed and the watershed and our land as sewage systems.