I could have a very long response, but I'll be brief.
We fundamentally disagree with the characterization that the oil and gas industry is subsidized. I reference the paper by Mr. Mintz, from the University of Calgary. He's done a comprehensive study and looked at the issue. The industry is not subsidized. We think the tax treatment is quite appropriate for the nature of the expenditures we're undertaking in the industry. I would argue that some of the studies that have been done on this subject lack objectivity. They are not sound in their methodology, and they say that there is significant subsidization of the oil and gas industry, which we believe is incorrect.
I will provide to the committee, as background, the paper by Mr. Mintz. I think you'll find it quite enlightening on the question of subsidies.