In fact, just over 60 projects are taking place right now in the oil sands, and about half of those have reached payout. That means they are either currently paying a 25% royalty as opposed to the 1%, or it means they have paid, at some time, the 25% royalty. As soon as that happens, they're paying income tax, because the royalty regime requires them to recover their cost plus a return on investment. In the case of accelerated capital cost allowance, they just have to recover their cost. So if they're already paying that higher royalty, that means they're turning a profit; that means they're paying income tax. So we actually would see a benefit in terms of revenue gain from reducing that.
On October 19th, 2006. See this statement in context.