Europe is at the forefront of carbon border adjustments, and what that's going to mean is that they'll be basically applying an emissions intensity to products that they're importing.
I think we've found that the United States is not necessarily our most reliable trading partner. We want to be diversifying our markets, so we need to make sure that we're going to continue to have access to these jurisdictions. If there's a carbon border adjustment, and we're not compliant with it, ultimately there's going to be a tariff on the goods that we're trying to export to Europe. It's much better that we collect that money here and invest it in clean technology here than have it be taxed at someone else's border.
