Thank you. I agree. In fact, what's happening in B.C. right now with LNG Canada is that the lead proponent, Shell, is actually looking for a buyer for three-quarters of its stake in LNG Canada, which is a $40-billion investment, the largest private investment in Canadian history. Mitsubishi is actually looking for buyers for its 15% stake. Both companies are saying it's to rebalance their risk profile, meaning Canada is too risky.
There are a lot more jurisdictions that don't have these regulations and legislation in place, and they're going to do a lot better. I mean, look at Russia. They're selling more oil and more gas, as is Venezuela. It seems to me we're pricing ourselves out with these new geopolitics and new geo-energy politics that we're facing. In fact, phase two of LNG Canada is still up in the air. We're not sure if it's Canada or if it's B.C. actually holding back phase two in terms of emissions, or even carbon pricing for that matter.
In the midst of all this, I assume that you have some type of approval process in place, maybe a preferred one. Does the Major Projects Office have anything to do with the projects happening in Labrador and Newfoundland?