I'm happy to respond to that one.
I guess the first point I want to make is regarding offshore. Most of the large vessels and equipment for these oil sands plants have, for a long time, been built offshore. Korean fabrication shops are highly skilled. They're global. This is a global industry. So that isn't something new that we've gone offshore.
You mentioned floating the stuff down the Mackenzie River. That's highly innovative. That is one way the industry is reacting to these cost pressures. Because for the project you're talking about, the Northern Lights project, the only way they can compete is to come up with a highly innovative strategy to develop their oil sands, and we can talk about that later.
As far as addressing that one, the industry will get there first. You're already seeing changes. I will give you examples. There is Imperial Oil with their Kearl project. Tim Hearn, the CEO of Imperial Oil, was the first one to warn about escalating costs. They have slowed down that project. There is Husky and their Sunrise project. If you went up to Shell's Albian project, Husky's the one right next to it. Their Sunrise project is a fantastic project. That thing has basically been on hold for the past year. It has received regulatory approval and board sanctioning. They're trying to figure out a way to market that oil and still generate a fair return for their shareholders, recognizing the escalation in costs. Fort Hills is the third one I will mention.
What I'm saying is that the people running these projects are not stupid. When they feel the limit is reached, they will back off. So what I'm saying is that Imperial Oil has already hit the limit for Kearl. Husky has hit the limit, and we are seeing modification at Fort Hills, because they realize that they are approaching the limit.
So that process is under way without having to plan for it. That's how the industry is reacting to these pressures.