Sure, I'd love to.
First, in response to some of the comments that have made around the table this morning, to say that oil sands and climate policy aren't related would be wrong. There's certainly significant potential cost to the oil sands industry from carbon policy. So it's not going to necessarily derail all projects, but it does have a significant material cost.
What I do think risks having larger material costs are some of the policies like we've seen from the European Union, for example, that discriminate specifically against oil sands. I think when we talk about, and when people put out that trade-off and say, basically, as some have said that carbon taxes or carbon policy would destroy our industry, what they're basically doing is giving food to those people who would oppose the industry. They're feeding directly into what the opponents of oil sands and Canada's oil industry are telling their supporters. They're saying, “This industry is not compatible with climate change policy. Therefore you should protest against it. You should shut it down.”
Canada needs to respond by being able to say, not just, “Here's what our policy is. Here's what our goals are,” but showing the world how that policy and those goals fit in with global climate change goals that our Prime Minister and others have signed on to, and it's possible to do that.