In fact, we submitted a request for the federal budget, this fall, to expand the LC3's scope. The LC3's ability to mobilize private capital for decarbonization solutions has been proven. We can see that it has an impact, and we have data that demonstrate the impact on the ground.
However, there are other large municipalities that don't have access to that kind of funding structure, so we asked ourselves why not expand our model. We propose adding three more LC3 centres to central Canada, as well as adding major urban areas such as Gatineau, Quebec City, Victoria and Saskatoon to the network. That would make it possible to mobilize private capital to accelerate decarbonization and energy efficiency across Canada.
The LC3 is a low-cost model, protected in perpetuity, which helps reduce risks for private investors and create structuring financial vehicles that would, in fact, accelerate climate solutions on the ground.