I appreciate your suggestions, absolutely.
Deductibility of the capital cost allowance is actually the single greatest factor that has an impact on competitiveness, next to market access. It's not necessarily a reduction in taxes so much as it is a deferral of payment. It's especially important for high capital-intense sectors and industries with long lead times, so cash flow-positive.
We've seen the federal government recognize this through the fall economic statement in 2018, through the 100% deductibility that it provided to the manufacturing sector, etc. For oil and gas, it was provided with some incremental deductibility capacity, but it wasn't on par with what we had seen in other industries.
If you think back to when the oil sands were created, 100% deductibility was put in place to drive that investment. It was actually the third source of global supply growth between 2006 and 2015, so effectively it worked very, very well. We would absolutely support introduction of 100% immediate deductibility for capital cost allowance for our sector, but, at a minimum, making permanent the changes from 2018 would be very favourable.