First, in terms of ensuring that we have a compelling case here and continue to attract investment, the critical minerals supply chain—I know Mr. Adams mentioned it—should be in place. Despite the challenges in the EV sector right now, this is the future, and China controls 80% of the battery supply chain. They also control 90% of rare earth minerals.
I just came from Saguenay, where they have the ability to process gallium. We have minerals that you cannot get anywhere else in the world. If we accelerate our efforts to identify those key minerals and build out the processing capacity, not only would that be good for the auto supply chain, but it would also give Canada leverage in these broader discussions with the United States.
With respect to covenants in these agreements, the companies have lived up to their covenants in the agreements. As I noted at the outset about Stellantis, of the $8 billion it has committed to Canada, $7 billion has been put into effect. These are massive investments that have been made, such as a third shift in Windsor, and NextStar's battery plant, the first large-scale battery plant fully in operation with 1,000 new jobs. These investments are happening, but companies have to adjust to the current trade environment.