It's very difficult because at this point during our discussions on the pan-Canadian climate change framework, we had indicated on many occasions that Nunavut's unique, the Arctic is unique. In Nunavut, we don't have any alternative sources to turn to when it comes to cleaner energy. We're not like any other jurisdiction. We don't have those options.
We've been given an opportunity to talk to our federal colleagues on how we could minimize the impact of carbon pricing. We're hoping that home heating, diesel generation, and transportation can be exempt from carbon pricing because in Nunavut we don't have any alternative. When it comes down to business and industry, it's already one of the most expensive places in the world to do any kind of business. We're looking for development to make sure our people, our children, are going to be employed in the future, and we do have to find ways to minimize the impact on industry.
As I indicated in my presentation, if it's going to cost a developer an extra $300 million, it's just not going to work. We're really hoping that our federal partners can come to the table and hash out the details and make sure that Nunavut, the youngest territory of Canada, is not put in a position where it's not possible to exist there at all.