Thanks, Mr. Chair. Thanks to both of you for being here. I just want to say I really appreciated the comments from both of you, particularly around pitting sectors against each other and in recognizing the strengths of Canada because of all the strong natural resources opportunities we have. Those were comments made by my colleague across the table during the earlier presentation, which I just want to say I found heartwarming to hear.
I also appreciated your comments about the implications of cost drivers and of a regulatory burden in the venture and the endeavour of developing and adopting new technologies.
I want to highlight a concern of my own that has to do with the kind of carbon tax that is being proposed in Canada. Often the B.C. model is hailed as a great example, and it would be closest to what the Liberals have said they want to impose across Canada. Of course, in B.C., as both of you have mentioned in tying public policy with outcomes and goals, emissions have increased every year since 2010, and there have been no significant reductions in gasoline purchases there. This is significant, as it's the second-highest emitting sector. Also, the federal government hasn't proposed the carbon tax in the context of equivalent reductions of regulation and red tape in order to unleash innovation and allow private sector entrepreneurs and developers to absorb those costs while also continuing to develop innovation.
Like my colleague, I have some questions about MSRs and your IMSR technology. I just wonder if you are able to expand on their applicability to the oil sands and any other context you'd like to give us, in terms of challenges you foresee in that application and any specific recommendations on tools that legislators could support to enhance that adoption.
I think my colleague's going to have more questions around this area later.