Ever since 2011, when our first revolution on carbon pricing was approved, one of the main points we made was that, unless it's aligned with trading partners, the price of carbon can cause a lack of competitiveness. This should be of concern to people concerned about the climate as well as people concerned about the economy, because if you're simply moving business to other jurisdictions, you're not actually reducing overall carbon emissions.
The ideal would be carbon pricing that's North American or even worldwide, which would prevent those kinds of competitive leakages.
In the meantime, we always advocate that carbon pricing policies should be designed to have the industries that are exposed to trade and are carbon intensive be the ones most affected. That should really be considered in the design of the carbon pricing.
Last year, at our annual general meeting, there were two resolutions that passed with margins of about 98%. One of them was a reaffirmation of carbon pricing, and the other was an affirmation of the Kinder Morgan pipeline, so we don't really see a contradiction in supporting both of those policies.