I think the critical point to make here is that there is a certain kind of drilling where it's better for companies to be self-insured, and where the only way Canadians can trust that we should move forward with any drilling is if they're able to pay themselves. If there are smaller companies that simply can't get insured, maybe they shouldn't be in the business. If the risks are just that high, then that's the reality of the business.
So I, and I think many Canadians, would feel very uncomfortable with the idea of a junior company trying to drill in the deep water of the Arctic. If they can't pay the bills, they can't pay the bills.