This comes back to some of the first points that were made around the MPO, etc. It's really about just getting together and asking how these investors, internationally, look at these LNG investments. They are huge outlays of capital. They are a huge risk. These investors have choices elsewhere. There are plenty of places where you can build LNG. Qatar, Australia and the U.S. gulf coast are seen as safe havens. Let's call them that. They're established.
It's really about establishing the competitiveness and the risk profile, which then go into those investors' economic decks. Of course, the accelerated capital cost allowance is something that then plays into how they run their numbers and their internal rate of return, which is how they look at these investments.
Things like the accelerated capital cost allowance are some of the discussions we've had through the MPO, where the government can help create the right conditions for an investment climate. That is the kind of dialogue that has perhaps been missing in the past. We got some of that in phase one. We're not looking for special favours in phase two or in LNG in general. We're looking for mechanisms that enable competitiveness and affordability, and the accelerated capital cost allowance is a good example of that.
