Thank you.
I obviously won't get into a political debate, but it's crystal clear that the world is electrifying, whether Canada likes it or not. What that means, in concrete terms, is that more and more heating is becoming electric because the technology has improved. It has to do with technology. I would say that electrification is no longer driven by policy. Electrification is happening because technology has taken the lead. At the end of the day, the technology related to electricity consumption is far superior to what it replaces for many applications.
That said, the choices we have here in Canada are relatively simple. We can try to delay the inevitable. I don't think that's a win for us or any country in history. We can also take the bull by the horns and try to develop our response as we see fit, in our own way, with our resources and our comparative advantages.
I think Ontario is a really worthwhile example in that regard. Ontario actually decided that, if electrification was coming, it would electrify in its own way. The Ontario way is more focused on nuclear, because that's where the expertise is.
The approach of deliberately doing things your way is preferable. The other two options are either to reject more efficient and more affordable technology for everyone, an option where there will obviously be no winners, or to wait and run out of electricity. In that case, we're going to put ourselves in the position of having to say no much more often than yes.