Sure.
There are certainly benefits to developing the oil sands; there are short-term benefits. But there are also costs and risks associated with, as I mentioned in the statement, locking ourselves potentially into this high-carbon development path.
Increasingly we are seeing countries around the world taking action to address climate change. We're seeing policies such as the low-carbon fuel standard, for example, in California, which is potentially going to limit the market we have for high-carbon fuel, which the oil sands is and which we need to recognize.
We feel it's very important to look at where the world is going, to acknowledge that countries around the world have agreed to take action to limit global warming to 2°C as much as we can, and to recognize that this is going to mean a lower carbon economy and think about what opportunities exist for Canada, about how we can be competitive within that economy.
As I mentioned, it's a question of introducing greater support for clean energy, for renewable energy, trying to develop those sectors, and ensuring that we'll be on a better footing going forward.