That's correct. It's effectively a capital cost allowance. They're enabled with a 100% writeoff in the first year against taxable income.
In Canada, historically, for development expenses, it's been a 30% declining balance, so it can take somewhere between five to seven years to get that same level of writeoff against the taxes. In an industry where cashflow is critical at this point in time, this 100% writeoff provides a significant advantage to the competitiveness of the U.S. shale plays.
What we are advocating through the Canadian Association of Petroleum Producers is effectively the same. At this point in time, when the industry is so competitively challenged, we're advocating the same tax treatment that's been afforded to the manufacturers in Canada over the last five years, which is effectively a two-year straight-line writeoff, 50% a year. So it's not quite what the U.S. gives, but again, it would provide a significant advantage over what Canadian tax regulations currently provide.