The technology fund that was originally proposed in Turning the Corner was a very short-term measure, and it basically disappeared by 2018. It also very rapidly shrank in terms of the amount of compliance you could use for it. We were very disappointed, actually. We thought it was a very good idea that was turned into something that was not very useful.
Alberta, on the other hand, has a technology fund that's starting to get up and running now. They've appointed a board of directors. There's a representative, a retired vice-president of research from NOVA, who's on it. They have the kind of technology fund that we think can work, and we hope that's where the federal government moves to.
The Alberta fund is pegged right now at $15. I don't think that's realistic in the long term, and we'll probably see changes in that in Alberta. If the price of carbon goes up to what we expect, the carbon price in the technology fund should probably be informed by that. But that is a mechanism where, when you can't reduce your emissions to the targets you're assigned, you can put money into that fund and it will go to help develop the technology that's going to be necessary to improve our environmental performance in climate change.
We think that's an absolutely super approach. We hope that stays in the government plan, but we hope it's done much more along the Alberta lines, as we recommended. It probably shouldn't take the whole amount of your compliance. There are other aspects in this as well. There probably should be some limits on it, but we think a significant amount of your compliance should be able to be done through contributions to the technology fund. We think it's really a good idea that initially wasn't very well designed but can be improved greatly.