With respect to the oil and gas industry, anything to reduce the overall emissions level, and the intensity level as well, will help. For one, right now we're burning coal to get bitumen out of the ground in northern Alberta. Why aren't we using our hydroelectric resources right next door in British Columbia? Right away, that will reduce the CO2 intensity of a barrel of Alberta's oil. I mean, that's not even a new technology. That's simply a new energy arrangement between the provinces. Right away, we would get our emissions down there.
I can't speak about emerging technologies and how they're going to reduce greenhouse gas emissions.
I do want to add something, though. This is an important part, a little clarification. Oil prices are not low right now. They're not low by any standard. If you go back to 1945, the long-term average price of oil in today's dollars was $34. Go back all the way to 1900, over the past century and more, the average price of oil was $32. We're above the historic average right now. I don't know why people think we're below; we're well above. Don't expect it to go back to $100. That was a blip. That was a momentary aberration. It may never come back again.