Thank you.
There are two types of projects on which Bill C-69 will have a major impact. One type is those port authority-led projects, such as our proposed terminal 2 project in Delta, which is currently undergoing a CEAA panel review under CEAA 2012. Even under CEAA 2012, we are three years delayed in that process, and container capacity on the west coast of Canada will be restricted for five years. We will lose that business to the United States. It's as simple as that. That's even under CEAA 2012.
Therefore, we're quite anxious. We know that Bill C-69 is well intentioned. The desire is to be able to adhere to timeline. Our confidence is somewhat shaken, given that the previous legislation was also intended to do that but unfortunately failed. We're still experiencing the consequences.
The second thing is what I mentioned in terms of the major projects list. From our perspective, if Canada wants to bring additional projects into the CEAA review processor or into the impact assessment review process, frankly I'd say we should learn to walk before we run. Rather than adding to the workload of the CEAA and the agent and the NEB or the new impact assessment agency, whatever it will be, let's get the stuff that they're already handling right, and then maybe let's look at those things. If it's not broken, don't fix it.