I'll start.
First of all, let me qualify that I don't represent the pipeline industry. I represent the drilling and service rig industry. There's no question that our workforce, our members stand to benefit from greater capacity.
What I would say is this: I think the challenge that Canada has, particularly with the west coast pipeline, is that Canada does not have a very good track record for private companies trying get through the regulatory process and being able to satisfy the risk profile. I think Canada has created a huge risk profile that does not give companies the certainty that, if they get the regulatory green light, they can actually get a product to the finish line.
Even though we have made good progress in Canada on things like Bill C-5—and we're starting to take a deep dive on how we set up a good regulatory system for future projects—a company needs to have the assurance that they can get to the finish line, and right now, it's a big question mark for a lot of proponents. There is a tremendous amount of risk.
I think that there is still an opportunity. I think there is a business case for a new pipeline. I think the biggest issue for Canada is the strategic importance of optionality for our products outside of the United States. That's a national interest concern. It's difficult to put that into a business case. That's a Canadian government strategic approach, not necessarily a business case.
I would say that history has dictated to proponents that we have not done a very good job of signalling to the investment community and to project proponents that you can actually get infrastructure built in this country. We have to fix that.