As I said a moment ago, when it comes to industry, we're talking about multidecade infrastructure investments in many cases. Knowing what the policy framework will be is pretty important. If a policy changes radically, it really affects those types of investments. In particular, we're thinking about things like long-term energy development, whether it's transmission infrastructure, electricity generation or carbon capture and storage.
You need to be able to make those investments while also understanding what the credits might be. If I'm generating savings or benefits from emissions reductions, how am I going to monetize those? You need to be able to take those to someone who's going to finance your project. Stability is pretty important when it comes to this policy, and I think that's where Alberta has been very successful. We've had an industrial carbon policy in place since 2007. It's made it financeable, which is why you're seeing some of these new clean technologies starting to develop in Alberta.
