The very short answer is that it is important for our industry. Access to markets is fundamental to growing oil and gas production, and access to the U.S. market is a key part of that. It's not the only option, but it is the preferred option.
Obviously the market has spoken. We believe that if you look at the merits of the case, there is a very, very strong case for approval of that project, and we are optimistic that it will go forward. If it doesn't, we'll look at other options; the market will be creative about developing other options.
But the short answer to your question is that it's a very important project for Canada's oil and gas industry, specifically the oil sands industry.