Definitely. I'll quickly speak to this, and then I'll turn it over to Louise to share more local colour and flavour about what's happening on the ground.
We did the studies: 14% of municipal infrastructure is in a state of critical disrepair, which creates massive risk when it comes to extreme weather events. The backlog—and this is an outdated number, but we're going to be updating it in a couple of months—is $296 billion across the country. That, matched with extreme weather events, create a huge amount of financial risk for municipalities and for local taxpayers. It's not just about that: It's also about quality of life, about businesses being able to do business and all those pieces.
We've also recently partnered with the Canadian Climate Institute and the Insurance Bureau of Canada to do a study on the cost of climate adaptation and its potential savings. There's real monetary value to investing in preparing communities for extreme weather to prevent further costs down the road. The cost escalation is just too high.
I'll turn it over to Louise to talk a bit more about that and to share the local flavour.