Thank you for the question.
We can be doing more and we should be doing more. It really centres around the need, as I talked about earlier, for an aerospace strategy in Canada. We see our competitor nations putting in place aerospace strategies really leveraging the innovation side and some of the significant funds their governments have put in place. We saw an announcement at the Paris Air Show by Minister Champagne about $350 million for an initiative in sustainable aviation. These are good things, but we need that broad overarching strategy that some of the provinces have. For example, Quebec has an aerospace strategy.
How do you use all of the tools of the government to achieve certain outcomes? We really need that long-term aerospace industrial strategy here in Canada to knit together, for the benefit of the industry, the workers and Canadians, really, the innovation side, the procurement side, the way we leverage all of the different programs and funding mechanisms and the way we identify where we want to go as a country with the key capabilities, the key capacities and the timelines we want to have here in the country. This is incredibly important from a sustainability perspective. It's top of mind and a priority for the industry. We're moving in that way from an industrial perspective.
One of the other pieces that I sort of snuck in at the end of my remarks was that we're really looking to the government, in the context of that overall strategy, on sustainable aviation fuels. The government has ambitious targets. Industry has ambitious targets with respect to net zero by 2050. Any of those scenarios requires sustainable aviation fuel, and I think it's a real opportunity for Canada. We have a world-class leading aerospace sector and aviation. We have airports and oil and gas. Bring them all together and harness our collective strengths and really push forward on some things. We've seen the U.S. doing that. As you mentioned, we've seen Europe do some of these things, and we need that leadership from the federal government to move forward.