That's a very good question.
There are two broad types of risks that we should keep in mind. One is the regulatory risks, the construction hurdles that the project proponent needs to overcome and the uncertainty around the regulatory environment. If we think back a few years ago, it was a fundamentally different type of risk that a private proponent faced prior to the completion of the project, which the government itself doesn't face in the sense that it is—again, to oversimply it—the source of a lot of that risk.
Now that the project is complete, all of that risk is no longer relevant. What's relevant is the risk to the pipeline's utilization rate in the future. What does oil production look like? How much of the pipeline is actually utilized, and over what future time horizon? That's much more of a risk, if you will.
