It's crucially important. We saw, obviously with COVID, what happens when the whole world has a demand for something. We saw the price of PPE go up because we weren't prepared with the supply chain. We know the impact of not preparing your supply chain.
Right now, there are significant investments being made in the electrical industry here in Canada, trying to manufacture more transformers here in Canada. We have PTI Transformers, which is located in Regina, Saskatchewan, and Winnipeg, Manitoba, sourcing 85% of its raw materials from Canadian suppliers. It has just made a major expansion to produce more transformers here in Canada. I could go on and on, and I will, if you'll let me.
There's $150 million in battery production in Oakville. When you produce more electricity, you attract investment. It's an economic tool. You see the battery production facility in Oakville. They chose Canada instead of the U.S. because we have clean and affordable electricity. There's a reason why a company is located in Quebec: clean and affordable electricity.
This is the economics behind electrification and making sure that our supply chains.... We have the supply here in Canada, so that we don't have to compete with the rest of the world, driving up those costs and delaying projects. We want that investment here. They can choose to say, “Where are we going to allocate this year? Let's allocate to France, because we know France is going electric,” but then Canada doesn't get those investments. We lose out on jobs and investments when we don't send the policy signals.