Certainly we see the growth in industry leaders like Teck over the last few years, in fact garnering investment from some of the best international investors in sovereign wealth funds in the world, like CIC as an example.
The capacity to attract capital to British Columbia mining and enterprise has actually grown in the last couple of years.
You mentioned tax policy as a determinant in that, which leads me to the carbon tax of the Campbell government, subsequently endorsed by the Clark government, that was implemented in British Columbia. In fact the right-of-centre magazine The Economist referred to it on July 21, saying that “The carbon tax has been good for the environment, good for taxpayers, and it hasn't hurt the economy.”
So you have to consider tax policy in full, whether you have flow-through-share provisions, competitive corporate tax rates, and potentially putting a price on carbon with a predictable carbon tax.
Would you say, Mr. Kariya, that putting a price on carbon in British Columbia has helped create jobs in your industry?