As you pointed out, budget 2022 announced the Canada growth fund to catalyze private investments in Canada's clean economy.
What the growth fund would do is invest in a way that would absorb risks in order to encourage private sector investment in new technologies, as well as SMEs and various other supply chains, in order to grow Canada's economy at a speed and scale to meet net zero.
The reason for selecting PSP Investments to manage the growth fund is exactly that: to speed up the implementation of the growth fund.
We don't want the growth fund to be slow to start. We want it to be in a position to invest in the first half of 2023 as was indicated in the 2022 fall economic statement. The reason for selecting an experienced and expert investment team was exactly to have the growth fund operational in the first half of 2023, so it could quickly start investing to meet Canada's climate and other economic goals.