I'm hoping that these particular subsidies are an anachronism of tax policy designed during a period when there was a sense that the oil industry was a more fledgling industry than it is today and needed the support to develop a critical mass to grow and establish itself.
A more critical interpretation would be that the overall energy direction of the government is to facilitate the rapid expansion of the oil industry, irrespective of the implications of that for our ability to do our fair share on climate change.
Depending on how you look at it, we think there's an opportunity for the government to move in the right direction and save money by reducing subsidies to an industry that does not require them, as well as to make a substantial move in the right direction in terms of climate change and clean energy, sending a strong signal that the government does take the issue of climate change seriously.