I think the first thing we talk about at our boardroom table with all the companies is that there is no one simple answer to this. There are probably hundreds and hundreds of things we collectively need to do, and I can give you some examples.
We're pleased to see some of the instruments in the federal budget that came out, and we're quite supportive of many of the elements in there. One of the things, a granular example I can give you, is that we've looked at this industry. I come from the forest sector, so I know the forestry world quite well. This industry has a fiscal treatment of the capital it expends that is different from many other sectors, certainly different than forestry.
You saw the shift I just suggested that some of our members are seeing around the shift from big projects to these resource-play unconventional opportunities they are supporting in terms of the standards, development, and processes. Yet our understanding...our tax rules, for example, on the way we treat capital expenses in this industry were developed long before the existing technologies led to the growth and the opportunities in the unconventional resource sector.
We have suggested to the Minister of Finance that we're not supposing we have the magic answer, but we believe—given the fundamental, dramatic changes in the technology that have unlocked this resource opportunity—that we should probably modernize and give a view to our tax treatment rules around that as a result of those changes. That's a granular thing, but if thought through carefully would have amazing impacts on the amount of investment that goes into the ground to employ people in Canada.
That's one and that's a very small, very granular, but a very profound way of looking at the changing world we're in, and there are many others.