Thanks so much. That's a great question.
The challenges are mostly around policy alignment and critical investment that is also patient capital and experienced capital for this type of sector and the build-out of this sector.
Most of these types of projects require significant long-term CapEx. We don't have the investment backing in Canada that they do in the U.S., or frankly in the EU, to mitigate some of these hurdles. As I mentioned before, in the U.S., the introduction of the Inflation Reduction Act, the climate-smart commodities investments, and the investments to boost global competitiveness are all basically attracting talent, companies and technologies away from Canada, because we don't have the same types of investment mechanisms here.
With regard to the framework that has been developed, I think it's just a starting point. It's foundational. I think it will help spur that private capital because industry will know that greening and clean tech—clean, green, sustainable technologies—are going to be a priority for the government. It will provide an opportunity to partner with the government and follow along because their investments will be considered secure.
I think it's just a starting point. I don't think it's the end-all and be-all. Given the conversation today, I think there are a lot of amendments that could happen to make some of the other witnesses a little bit more accepting of it.