We have an interesting example that I briefly mentioned at the start. We have the Fort Hills project, a capital investment of $15 billion, due to come online at the end of 2017. We have decided, together with our partners, to keep progressing on that project even through the downturn. I can tell you the capital markets have looked very closely at that decision. We believe this project is important. We believe we have ways to get that product to market, maybe using some rail, at a cost disadvantage.
But I think it is difficult under the current circumstances to visualize another $15-billion capital investment following on behind Fort Hills anytime soon.
Does that mean there will never be another megaproject? I don't know. But I think under the current environment's combination of greenhouse gas regulations, access to markets, and the price of oil, it's difficult to see where the next big project will be coming from at this point in time.