The most important factor driving the oil sands development is the price of oil. So this is a facilitating incentive, but it's not a determining incentive. It's our opinion that even without this incentive in place, oil sands will be successful in attracting capital investment. Oil sands projects needed the global price of oil to be above about $25 U.S. per barrel. We're seeing prices well above that now, so this is a profitable industry that no longer needs this incentive.
On October 19th, 2006. See this statement in context.