If there are no longer any long-term incentives for renewable energy, we find it hard to accept that they exist for fossil fuels. We would like to go back to the federal ecoENERGY program. That provided 1¢ per kWh for 10 years. The sum of $1.5 billion was set aside for the program and now it has expired. We benefited from the program, as did a number of Canadian producers. It was a very noble way to support companies starting up in renewable energy. We would certainly like to see a similar program again.
We have seen the government support Newfoundland and Labrador by providing loan guarantees for a major hydroelectric project. That could be very useful for small, independent producers who are forced to borrow on the financial markets at a risk premium difference of 300 to 400 basis points compared with normal Government of Canada rates. Actually, a loan guarantee could be a very innovative solution that would help independent producers.