The comment we made regarding legislation is that the policy for carbon dioxide reductions has to be put in place with respect to the targets for emission reductions in the economy in general. Also, we need to understand how the regulation for the potential for trading of carbon dioxide credits may apply, because that may be a way to generate revenues into a system like the ICON. We need to understand what other options for carbon dioxide compliance are going to be available to companies, so they can make a fair comparison of the use of high capital investments early on in a system like this, versus ongoing mechanisms that might be available to them. It's those types of legislation we believe need to be put in place to ensure CCS can go forward.
On December 12th, 2006. See this statement in context.