Thank you. I would like to add a comment.
We conducted a study in December of last year that looked specifically at if we build, or if somebody builds, an $8-billion facility that would produce polyethylene in the industrial heartland—or if they build that same facility in Pennsylvania, on the gulf coast, in the Middle East or in China—what that would look like in terms of how economic that project would be. What is the most economic jurisdiction in which to build that facility, considering the cost of feedstock, labour availability, capital cost, operating costs and all of these things?
What was really interesting about that study was that it showed that the industrial heartland, on the surface of it, had a competitive advantage to these other jurisdictions. What was happening in the United States was that the United States jurisdictions were providing additional incentives to these companies that would then make their jurisdictions more competitive. On top of that, around that time the Americans introduced their tax reforms. Ignoring all incentives, it completely changed the competitiveness of the United States' jurisdictions so that they are the most competitive and the most economically attractive jurisdictions for these types of projects in the absence of any other type of incentives provided simply from the change of the capital cost allowance. For these types of facilities that would be going in the industrial heartland, it adds a significant impact to their cash flows and, hence, the economics.