First of all, I think LNG Canada phase one, as I've said, is a good example of how to get it right. It's taken time and effort—that's for sure.
Indeed, what we see in places like the U.S. is a massive growth in LNG compared to other jurisdictions. We end up now in a position where about 60% of the LNG in the world comes from three locations—Australia, Qatar and the U.S.—and I believe that Canada could actually play a part.
With phase two, we could actually add the Cedar and Woodfibre volumes and become a top five exporting nation. I think Canada can put itself on the map in terms of scale and be one of the top five contributors.
In terms of what we need from government and what helps progress those projects, I think the most important factors are policy certainty, regulatory predictability and then competitive fiscal frameworks. They're recognized at scale in global competitiveness of LNG. It's about positioning yourself on the cost curve. I think that's what's needed in terms of making these big investments go forward and attracting international foreign investment to make these big investments work. It's really about the alignment of those interests, and then perhaps some streamlining in the consultation and the processes. It's probably a simplification of the processes, rather than a removal of the processes.
Everybody else has processes. Ours just seem to be a little bit more complex. I think what happened on phase one is that people aligned on the objective, and then they worked through the process.