I'd be happy to take a first pass at the response to that.
We've been very clear that we're supportive of the initiatives around regulatory reform. We're also very clear that in no way should this compromise environmental outcomes, and I don't believe that to be the intent at all of the proposed legislation.
We are strong proponents of land use planning as a means by which to address the cumulative effects issue. We're on the record at CAPP as supporting the land use planning process, for example, in northeastern Alberta. We think that's the most effective way to deal with the broad regional issues. Then individual projects can operate within that framework in a more simplified regulatory review process in our view, because the broader issues around planning have been addressed through the land use planning process.
That's where we believe the equivalency approach and other elements of the proposed legislation are the right thing to do. They do bring to bear a simplification of the process, but they also ensure we're continuing to focus on environmental outcomes. Where there's a good process in place at the provincial level—and we would argue that the lower Athabaska regional plan is a good process—that should be implemented effectively and will provide that broader framework within which we can operate.