Thank you very much, Chair. I really appreciate the opportunity.
My question is for Mr. Ferguson of the Canadian Association of Petroleum Producers.
Why should liquefied natural gas companies get capital cost depreciation tax benefits and be classified as manufacturing companies?
Most businesses get 8%, but on February 9, 2015, in the last federal budget, you got a tax break amounting to billions of dollars. It's 30% now. Professor Kin Lo at the UBC's Sauder School of Business predicts it could mean a tax break of $1.5 billion to $2 billion over seven years for only around 800 permanent jobs. Is that fair?