Thank you for the excellent question, which covered all kinds of the background information required to answer. That's great.
I'm going to start with the second question, if I may, in terms of what's going to be required because, in part, it answers a little bit of the first part. The companies have, in many cases, said that certain policies that have been proposed need to be finalized, such as the investment tax credit for carbon capture sequestration. There are some great signs. The draft legislation is out and looks pretty good, so fingers crossed that it will get finalized pretty soon.
Also, they talk a lot about the necessity of greater certainty around carbon pricing, which often translates as carbon contracts for difference. Things are going a little slower on that, and a lot of folks have indicated they're holding off some investments while waiting on that legislation. Carbon pricing offers the lion's share of incentives for low carbon and decarbonization investments in Canada, so greater certainty on that is a huge force multiplier for the policies Canada already has in place.
I have to admit I'm not entirely convinced that voluntary.... I mean, those incentives are excellent and necessary to support those investments, but I'm not entirely convinced we will see the level of voluntary investment and decarbonization we would need. Therefore, I believe Canada's proposed cap on oil and gas sector emissions is absolutely needed. I'm very happy to hear Prime Minister Trudeau reiterating his commitment to see that at least drafted and out in public this fall. That's great.