Yes, and we're not against regulation. We are against rigid, myopic regulation. We're for innovative regulation. Also, we don't particularly like regulation that doesn't take into account our performance, which is unfortunately what your government did, and regulation that doesn't understand the nature of the business cycle and business investments. So ideally, if you linked informed regulation with a capital cost allowance, I think you would actually end up with a pretty good approach to achieving both environmental performance and economic performance. I'm personally not confident we'll get there. I personally think the clean air act is a step forward, but we'll have to see whether the regulators are actually innovative.
On October 31st, 2006. See this statement in context.