Thank you, Chair.
Mr. Van Iterson, you seem to be a popular guy this morning. You're proposing rolling back the ACCA from 100% to 30% to be comparable to other oil extraction methods, and on the face of it I can't see the basis for disputing that. It does seem to be a good argument.
On the other hand, this committee travelled to the oil sands development in Fort McMurray a couple of weeks ago, and what was pretty obvious was the massive capital that has to be deployed in order to be able to extract that resource. It's also arguable that it is in a constant search for capital and there are difficulties raising that kind of capital. It's also arguable that they haven't made a profit, at least the western oil sands folks. I don't think they're going to make a profit until the year 2010.
So given all of that--I take your point that it should be just comparable--what impact would your proposed rollback of this 100% writeoff have on the ability to generate capital in order to be able to keep those kinds of projects going?