Transport committee  That is correct.

Transport committee  That is correct. As I alluded to in my opening remarks, it's not a novel idea. It's not McKinsey's idea.

Transport committee  No.

Transport committee  Yes.

Transport committee  That's correct.

Transport committee  The answer to your question is, yes, we do. We take our conflict-of-interest obligations very seriously and our policies very seriously. Our senior advisers are bound by a policy governing their conflict-of-interest conduct and declaring what their conflicts have to be.

Transport committee  That is what I'm saying.

Transport committee  I'm happy to address the question. McKinsey has the number one rated infrastructure advisory practice, as assessed independently by Kennedy Consulting. It's a firm that evaluates all of the consulting firms globally and provides a ranking for them. As with all consulting practices, our ranking, our status and our knowledge—

Transport committee  McKinsey's work in 2020 was initially started to help formulate the response on COVID, energy transition and sustainability. The work didn't complete. It was intended to go across three different phrases of work. We only finished the first phase of work.

Transport committee  I am not in a position to answer that question, because we didn't finish the work. I don't know what happened between our first phase, which we did complete and, ultimately, that submission.

Transport committee  McKinsey's work for its clients covers a variety of topics, including strategy and organization. As I testified at OGGO, we do a lot of digital and digital transformation work. We have done no work supporting any proponents from Canada approaching the CIB on any of their potential infrastructure projects.

Transport committee  In response to the question, McKinsey's work with the CIB was only on the three contracts, which you have become familiar with: on the investment criteria, the risk management and the strategic refresh in 2020. We have done no work on any investments for either the CIB or any counterparty approaching the CIB.

Transport committee  To the best of my knowledge, that is correct.

Transport committee  To the best of my knowledge, McKinsey had no involvement whatsoever in that.

Transport committee  In response to the question, McKinsey's work with the Canada Infrastructure Bank was three contracts. We were involved in helping set up the investment criteria in 2018, the risk management later in 2018 and then a strategic refresh in 2020. McKinsey has not been involved in any investments that the CIB has seen or with any potential proponents bringing investments to the CIB since its inception.