Thank you for the question.
On the subject of the financial aspects of this project, since I am the Minister of Environment and Climate Change and not the Minister of Finance, I am not in a position to comment.
However, I can tell you that we are already investing $120 billion in the electrification of transportation, in public transit, and in clean technology. On a per capita basis, that is three times more than the Americans will be investing under the Inflation Reduction Act. In their case, we are talking about $300 billion. There are ten times as many Americans as us, and if they were investing as much per capita, they would not be investing $300 billion, they would be investing $1 trillion or something along that line.
Not a cent has been spent under the Inflation Reduction Act. It will come, but the bill still has to go through a number of steps in the United States Congress. On the other hand, we are making these investments now.
Take the example of public transit, which I know is something that you are concerned about. There are 300 public transit projects underway. This is actual construction: ground is being broken. So we haven't waited. We have started the transition in Canada.