Thank you very much for the question.
It may come as a surprise, but my personal point of view, which is based on both academic interest and also the entrepreneurial spirit of our organization and my own background in business, is that business needs to remain in a competitive environment and forced to fend for itself.
I think that innovation in the future with respect to climate and the many things that are tied to a sustainable future are all things that can happen in a competitive marketplace without the need of much government intervention.
To specifically address your question about research and development, one of the best ways to deal with research and development investment is to allow for some tax relief and credit for those types of investments. I'm not talking about having government cut cheques to stimulate research and development. I'm talking about allowing for business to be incentivized to invest in tomorrow's technologies and also in immediate solutions to some of the biggest problems that we face by having those investments free from over-taxation.
There are many examples of that in particular that I can get into. For our own business, for example, we have not accessed any government funding. We have applied for, in the one example, some research and development tax credits associated with some big investments we made. The offset of those investments won't even come close to the amount of investment that we put in, but I think that's right. I don't think it's the government's job to invest everywhere.
I think responsible business, when they're looking at an emerging new economy and consumer demand, can shift gears and not always be rear-view looking. I think responsible businesses of the future will always be trying to reinvent themselves as consumers and demand shifts. In some cases it's towards sustainability and in other cases it's away from sustainability, ironically enough.