Thank you. I'd be happy to.
I commend the prior government for stepping up and seeing TMX through. It was a major insurance policy to protect the largest industry in Canada, worth $100 billion pure and 25% of our net exports. The only reason that action took place was the years of disastrous legislation that made private companies leave this country, as they continue to leave—not just in oil and gas, but others.
It's very simplistic to look at that insurance policy solely through the terms of toll rates per year. If you look at the decrease in the differential—the discount for Canadian heavy oil—you'll see that it's reduced that by at least $10 per barrel. By the rough math that I just did, that's at least roughly $1.8 billion per year in additional value. Directly from that are the royalties and taxes that go to building incremental hospitals, schools, roads, etc., every single year, so it's an ongoing annuity.
Honestly, I'm staggered that as a citizen I need to explain why it's important to champion the most important sector of the Canadian economy. The reasons for that should be abundantly obvious.