It doesn't exist, not because of the regulatory environment but because of the costs of producing oil. It's extremely expensive to invest in the oil sands and it's a long-term investment, so when they're looking at where they're going to put their oil for current and future oil production, which is becoming more limited, they're going to look at areas like Texas, like the Permian Basin, for example, where they can drill for shale, get it quickly, get it out, and it doesn't require a 30- or 40- or 50-year timeline for return on investment. They're going to look at places like Norway or Saudi Arabia, where you can just tap the ground and the oil comes out. It doesn't require massive mines or massive investments in in-situ projects as it does in Canada.
On May 24th, 2018. See this statement in context.