Thank you very much. It's a pleasure to welcome witnesses from the best riding in the country. Mr. Gerretsen misidentified it, but we do have witnesses from the best riding.
Seriously, I am very honoured to be the MP for the heartland area, and it was great this summer to be able to take some of my colleagues on a tour of the heartland. I'd encourage everyone, all the MPs here, to take an opportunity to visit my riding in the heartland and see the great work being done there.
I really appreciated the testimony from all of you, but I'm going to focus my questions on the witnesses from the heartland.
Ms. Cholak, you talked specifically about this issue of the importance of consistency in regulation, and this is a recurring theme that I hear. Yes, it's about getting the regulations right, but it's also about certainty of timelines and really the need not to have situations where regulations are constantly changing, so that industry says, “Well, this is what the regulation is today, but it might be something different tomorrow or something else the day after that.” It's very hard to make investment decisions in a climate like that.
Could you speak a bit more to the importance of clarity and consistency when it comes to regulation, to industry being able to make long-term investment decisions knowing what the rules are going to be over a long period of time?