Sure. Let me take two aspects of that.
The Chamber of Commerce has advocated carbon pricing for six or seven years now. We believe it's appropriate to try to price carbon so that people will use it where they can, and use it less, with the relative costs between carbon and other forms of energy being closer.
However, we're extremely concerned that carbon pricing, which will throw a lot of money into the hands of governments, be immediately recycled back into the economy to protect the competitive position of the companies that are paying those taxes. I'm a bit alarmed about some of the comments being made by the provinces as to how they intend to use the money.
We're not agreeing as a nation to be taxed so governments will have more tax revenue. We're agreeing to be taxed so carbon will become less attractive economically. That can be done if those governments then sign themselves over to a very religious program of making sure that companies retain their competitive situation. Otherwise in the near term we're going to face a very significant disadvantage for investors coming into Canada versus the United States. We have to head that off.
In the longer term, but not really the very long term, I think that technologies that aid people in less emitting energy sources will be extremely attractive. I think Canada, with its investments in innovation now, has an opportunity to steal a march on the United States and be a significant supplier of that. As you mentioned, the national government may be speaking in a particular way, but a lot of different state governments are going the opposite way and are among the world leaders in climate regulation. I think they're seeking markets. There will be markets for these technologies.
I think there is an opportunity there.