At the moment, it's just starting, so it's as much the spectre of where it ends up that is now curtailing investment and costing us opportunities already as....
When you say the carbon tax will go up to $170 in 2030, when you say you will have to slash production of the oil and gas sector by 2030 to meet an arbitrary standard and when you arbitrarily pick 2035 as a net-zero electricity grid date, it's just bad governance. It's the kind of thing that chases investors away.
If, instead, it was, “Let's work together. Here's our plan for how to fully invest in carbon capture and storage so that people can continue to grow their businesses, and here are ways we will support the policies to get that carbon stored underground so that production can continue”. If that was the tone and the attitude, that would attract investment. I think Mr. Bruce would agree with me. However, instead, we're getting these somewhat arbitrary deadlines and caps, and people who want to invest here don't know where it's going to end.