Thank you for the question.
I have to mention that I did my master's at Memorial University. I lived on Topsail Road, so I'm delighted to hear from you.
I guess the proof is in the pudding. The retrofits happened and it wasn't economic. The opportunity costs in terms of putting subsidies and a policy direction into something that isn't economically sustainable.... We're seeing that now. I do understand. Even with trying to make changes to the clean fuel regulations and trying to, for example, potentially set up quotas for domestic production, there is demand for these biofuels under the CFR, but Canadian competitors were just not as competitive as foreign exports.
Part of it is making sure we're competitive and—Dan can speak to this—not just putting those costs onto the Canadian consumer by first having the clean fuel regulations, having that carbon price and now also having further expenses with the quota system.
On all of these things, I would say yes and I would agree with you. Economically, at least, it has proven objectively not to be wise.