I think we're missing an opportunity. These technologies are going to be developed, but it's the Wild West right now. Everybody is trying to figure out their own way. The problem is that nobody is taking a leadership role on where we're going to go with this industry.
We've done a lot of work in the past, setting up quotas and being able to establish rules in the way people are trying to extract carbon. The problem is that these pollutants aren't bound by our borders, so whenever one of these large initiatives is kicked off, it's typically international. What happens is that you will have players that come into conflict with each other because they have to. They will be stepping on each other's toes. I think it would be very helpful if Canada was able to take the leadership role in trying to bring together and align the policies that other countries have—because even they are sometimes in conflict with each other—in order to establish the rules and the parameters of how we can do carbon extraction down the road. Once you've established that, then you can set goals and targets for these companies that are trying to do these things. That would then drive the rest of the industry.
There's really a lot of policy work that needs to happen in conjunction with our partners and trading partners to make this work.