Public Accounts committee  If I may answer your question a little bit differently, this was with respect to the loan accounting system. There was a market scan done as to the providers that could accommodate the request and support such a system—support this number of loan-holders, should it be required, the 890,000 loan-holders.

Public Accounts committee  I don't feel equipped to answer that on behalf of all Canadian companies with respect to government contracts.

Public Accounts committee  We support approximately 400. It's been incrementally growing each year, so I'll say it's in the 400 range. The primary contributor is renewable energy. There's a lot of renewable energy in the numbers you quoted for our businesses, which were facilitated with over $12 billion. However, you would see other examples of clean tech with water usage and lots of processes that actually make manufacturing processes more efficient.

Public Accounts committee  We were the first export credit agency, and, indeed, at COP28 last year, we also signed up to be a founding member of the Net-Zero Export Credit Agencies Alliance under the banner of GFANZ, so we are participating in that as well. With our plans, we have been working on this since well before we made the commitment to net zero and have been taking the opportunity to reduce the carbon intensity of the portfolio we support.

Public Accounts committee  It wasn't a subcontract, given that it is a subsidiary of Accenture. This is with respect to the loan accounting system, which will be able to facilitate the collection and repayment of CEBA amounts from the loan-holders.

Public Accounts committee  Yes.

Public Accounts committee  At the time—this was in April 2020—we were asked to administer the program and get it up and running as quickly as possible to support the companies that needed the facilities. That's when we sole-sourced it. We had an arrangement with Accenture, which was supporting EDC for other matters.

Public Accounts committee  The CEBA program for EDC was a directive, and then it was under ministerial authorization.

Public Accounts committee  We can, because that was tracked daily at the time.

Public Accounts committee  Mr. Chair, I can [Inaudible—Editor].

Public Accounts committee  Today, we are officially in receipt of $26.1 billion of funds with respect to CEBA. That equates to $6.5 billion of forgiveness in the CEBA program. Of course, the period during which companies can still work with their banks to perhaps refinance the loan has not expired yet. That will expire at the end of March.

Public Accounts committee  Yes. The deadline was January 18 this year. We do not have the official data from the banks, but in the range of 75% to 80% have repaid and taken advantage of the forgiveness.

Public Accounts committee  That is correct.

Public Accounts committee  It was.

Public Accounts committee  There were different components to the contract, which I guess no one anticipated at the start. Once we started with them, it was imperative to continue with them because the program had to stay operational for the participants. I would say that over time, with a profile of three years, often you could perhaps look at different options, but during the period when CEBA was in operation, we didn't have that option.