As the old saying goes, the best predictor of future performance is past behaviour.
As much as the current federal Liberal government is very similar to the one that kneecapped pipelines in Canada for years, I would like to believe that we are going to see a pipeline, but no, I don't have full confidence. I think we haven't seen action to date. We've seen things like MOUs, which are fine, and they do lay out certain details that are important, but they're not binding by any stretch.
Talking with many people in the energy sector—and Lisa undoubtedly has a lot to say about that—I hear the whole notion of carbon capture and storage as a precondition for a pipeline is, among other considerations, a hugely expensive thing. Do we really need such a massively expensive exercise to so-called decarbonize carbon? It makes you think of maybe water that isn't wet or something like that. Basing the price of a pipeline on such things, I feel, is totally unnecessary. I know that carbon capture is feasible, and all that has been proven and whatnot, but I think the cost of it merely drives up the cost of energy, something we already have an issue with in Canada, and of course, it makes us less competitive internationally.
I have my serious doubts, but I'd sure like to be proven wrong.