It's clear that the framework developed by the previous Alberta government forms the basis of the federal government's climate policy. We see that on carbon pricing, on output-based allocations, and now we're also seeing it with the emissions cap. As I said in my opening remarks, the emissions cap was not just welcomed but advocated for by the industry itself. It has provided incentives for oil companies to reduce per barrel emissions. That's been good for the environment, but it's also been good for them, because they've been able to continue to attract investment.
The reality is that the world is moving away from fossil fuels. It's not a question of if; it's when. That's going to have huge implications for demand. As demand declines, so will investment and employment—