Thanks for the question.
The best-case scenario is the objectives that you're all speaking to, which are regulatory standards and a policy regime that is led and shepherded by first nations, with Canada as a partner at the table, and where there's an acknowledgement and affirmation of rights and law-making in that space, where first nation laws are put at the forefront on protecting their waters and where there's a provincial and territorial space where they can protect waters together.
I think the opposite side of that coin is what some others are highlighting, which is ambiguity of the term, a highly unclear definition of what co-development means, a stagnation in progress, a lack of alignment between provinces and territories, and a pushing of people away from co-operation and into a more adversarial or legal context.
This is, I guess, the thread of the legislation and the needle that it tries to weave with.