Part of the idea behind the investment tax credit for carbon capture is that it will stimulate some of that activity, but what we have in Canada right now is less than a 42% return on the cost of capital—not even a return, but a reduction in the cost of capital—whereas what the Americans have done with the Inflation Reduction Act is that if you're proposing to do a major carbon capture project, you will not only recoup your cost but make a profit.
It's not just about capturing carbon from your activities and storing it in the ground; they're also providing a very significant tax credit for what they call air capture, taking CO2 out of the air. Again, the terms are so appropriate that it's not a question of minimizing your costs; you're actually turning it into a defensible business decision. You're going to do it because there's a return for your shareholders.
That's not the case in Canada. We're at well less than half. Even if we had a 100% guarantee that if you qualify, you would get the credit, we're at less than half of what's on the table in the U.S.