We believe that the original design of the federal backstop and the output pricing system was well calibrated to address carbon leakage and competitiveness concerns.
Now we exist in a world where there are significant differences in the equivalency of systems that the provinces have adopted, which is creating some lack of fairness across the different systems and a lack of flexibility, with lost opportunities for the kind of integration that would provide the predictability and stability that is core to the function of these markets in the long term.
When the backstop was initially implemented, I think there was a sense of confidence and visibility in terms of where it was going in the longer term, and I can't say that's currently the case.