Thank you very much for the question.
The value-added piece for our product is pretty important for us. We don't represent the refineries and the upgraders necessarily. They are not really an upstream activity. However, we fully support any value-added employment opportunity in Canada.
It's a fact, for example, that all bitumen produced in Canada is upgraded somewhere, so the question for us collectively is where we would want that to occur. We would be happy, as the upstream producers, to see that happen here in Canada for the benefit of Canadians. I think of some of the activities we saw recently in Alberta, for example, where the government a little while ago announced a subsidy-type program or incentive program to promote more upgrading of that bitumen product in Alberta.
Also, when we've had conversations...for me personally, recently in Ontario, for example, around an oil product, an oil pipeline moving through a jurisdiction. If you look at it from a long-term perspective, that does create and should create opportunities for the petrochemical sector. Certainly, if you just take the refineries in eastern Canada, I think there's a pretty significant volume of oil that's brought in from outside of Canada from jurisdictions that, I'll be honest, have pretty significantly lower environmental and social standards than we have in Canada and that guide our activities here. We think there's an opportunity to replace this with a Canadian product.
That's just on the refineries in eastern Canada, but a longer-term vision might be to look at more oil flowing in and through a jurisdiction for the long term, with some stable supply pricing, which should trigger some thinking around what that might do to growth for a petrochemical sector. Sarnia row occurred for a specific reason. The oil was there. It didn't come after the petrochemical sector was there.
I think there's a lot of opportunity to do longer-range thinking on that and figure out if there's an optimal pathway to create the investment environment that would promote more value-added production on some of our core natural resources, oil and natural gas.