I wouldn’t agree with your assertion. It’s extremely important that these projects go ahead. That’s particularly true in the oil sands, where CCUS — carbon capture, utilization and storage — is one of the major opportunities for reducing emissions.

We must be sensitive to two things: the overall economics of the projects and what our friends in the United States are doing under the Inflation Reduction Act.

We brought forward what we thought was an appropriate incentive to bring forward the capital that’s required to build these kinds of projects. We expect the private sector also to be putting its capital at play; it is part of the solution here, too. There are other ways in which we can create value — for example, contracts for differences, which is something we are embedding in the new Canada growth fund which is of value and must be calculated into the overall economics.

We are waiting for the Government of Alberta to come forward with what it is going to do under its royalty regime as part of this. They have been working on that for some significant time, but that’s part of this on a go-forward basis. We have done lots of analysis with respect to how we compare vis-à-vis the United States, and Canada is actually quite reasonable in terms of where it sits.

We certainly want these to go ahead. I talk to the Pathways Alliance CEOs all the time; I talk to the Province of Alberta all the time. My view is that these are going to proceed. The Government of Canada is committed to doing what we need to do, but we obviously expect the sector to do their part as well.