It's a good question. I think we are in the early days of working on conservation finance.
The traditional financing of conservation through government, foundation and other resources is well established. An area that we focused on in the recent nature summit was a discussion on innovative finance mechanisms for nature conservation. There is progress on that happening globally.
These are things such as looking at how something like wetland or peatland conservation could contribute a carbon offset that would be counted within a kind of cohesive carbon trading system. It can include other things. The environment minister of the Seychelles joined us in Montreal and spoke to a debt-for-nature swap, where, with international financing organizations, they were able to exchange sovereign debt for a commitment to a certain percentage of nature conservation. That's likely not a similar challenge for Canada but certainly on a global basis is a legitimate avenue of pursuit.
Certainly, private sector companies such as Shell have expressed strong interest in exploring opportunities for nature-based solutions. Often, that comes in looking at where an offset for an existing industrial activity could be provided through something like conserving an area of forest or an area of wetland for the long term, in exchange for the development of a resource project of one kind or another.
There are series of pieces of work under development. I'd say that it is early days. In terms of the actual quantification of what that could provide in the Canadian context, it's something on which we are working to deepen our analysis currently.