Thank you for the question, Mr. Cooper.
In the submission I made, we listed a number of projects, totalling in the order of $8 billion, that we consider to be shovel-ready and that do not require any federal assistance whatsoever. The biggest challenge is on the regulatory side. That challenge is, in some instances, sitting with cabinet. For instance, approval of the NGTL project has been postponed for five months because of challenges with the consultation process. This is the largest single one we identified. Those kinds of challenges exist with others as well.
There are a series of regulatory processes that, particularly in the time of COVID, need to be reviewed with an eye to putting projects in place sooner rather than later. The changes that are required do not undermine the fundamental environmental priorities of the government and would, in fact, move investment very quickly to projects that provide both direct and indirect employment. More importantly, they would continue to guarantee the availability of affordable energy that's so important for so many other businesses that need to restart post-COVID, which is a point that I would just like to underline with respect to many of the previous questions and comments.
The fundamental value proposition of the Canadian hydrocarbon sector is the affordable energy it's delivering to Canadians right across the country, and that energy, that affordable energy, is essential for our long-term economic recovery.