Okay.
Mr. Page, I'm glad you're here today, and I wanted you to comment on a quote you made before the Environment and Public Works Committee of the United States Senate on June 12, 2002. If I may, I'll quote:
Since we need time and capital to develop new technologies, near-term requirements, which cap CO2 emissions at levels substantially below current emissions, are counterproductive. Our province – Alberta – currently advocates flexible approaches that the Kyoto timeframe (2008-2012) does not allow. We agree with our Provincial Government that pursuing aggressive reductions in this timeframe will punish industry economically by forcing investments in available technology which will quickly become obsolete – and result in stranded costs – when new clean coal technology is available.
You hinted at new clean coal technology's being on stream in the next seven to ten years. I think you suggested that. In essence, I'd like you to explain what you mean by “which will quickly become obsolete”.