Thank you, Mr. Chair, and thank you to the witnesses for being here.
One of the challenges that I see is how to measure and evaluate outcomes of social value and who determines what is social value. When looking at affordable housing, I would note that I was part of a presentation approaching the government to waive interest on money and to bring capital to such a project. We asked the local government to waive the development cost charges, that type of thing, so they could bring in affordable housing. I understand that, because we see the value of the social outcomes of that for youth or people with disabilities for employment and training.
You mentioned, for instance, doing something about solar energy, which is not necessarily a wise investment and does not have—right now at this point in time, but it might in the future—a social value. You've all learned that. I'm from British Columbia and you have learned in Ontario that it is not necessarily a wise investment at this stage. I guess that's the challenge. When the government gets involved we have a responsibility to taxpayers and to society to make value decisions on what is a good social outcome. I just want to ask you about that because I wonder who determines the social outcome when you're raising capital from the private sector. Is there a framework that we need to ensure that the social outcomes are positive and are of value to society?