It's fair to say that the phase-out will affect oil and gas and mining operations in the Atlantic provinces. What we've seen over recent years is that activity levels are very strong, very robust across Canada in these industries, including in the Atlantic region. You can look at a number of methods, but certainly capital expenditures, employment levels, and value of production, exploration, all these in the Atlantic region are at or near historic highs. The phase-out of the credit is being undertaken at a time when activity levels are very strong and significant transitional rules include grandfathering, which will help to mitigate the impact of the phase-out of the credit over time.
On November 1st, 2012. See this statement in context.