I would tend to put Trans Mountain in the category of Hibernia and General Motors, as subsidies to businesses during an exceptional time of crisis. It's likely to pay off in the longer term.
I think the business case was there, as Dr. Mintz mentioned. It was a victim of regulatory uncertainty. I think the government's plan to sell this back to the private sector once it's built and this uncertainty is removed is likely to succeed, but that's speculation about the future.
The point is that you and I don't know what the result of that is going to be. I just think that's where the highest probability is. We certainly cannot speak of the project as “obviously a commercial failure”.