Yes. The fear for our sector is that the benefits and the long-term policy certainty or the long-term program certainty that comes out of the IRA cause quite a number of our members to have concerns that capital and financing that they require to deploy and operate their projects in Canada will take more interest in opportunities in the U.S. Quite a number of our members are multinational organizations with development teams across North America, so you have project developers who are competing with their own colleagues in house for access to board decisions to move forward with projects, and quite a number of these members are saying it's becoming a lot more competitive when they are making presentations to their board about making final investment decisions. The IRA and the benefits of the IRA and the long-term vision that is provided by the IRA are just making the U.S. a focal point, and it's making it very difficult for us to remind decision-makers that there are opportunities here in Canada.
That's why the IRA response is so critical, because even within organizations you're hearing developers who are located in Canada seeing the senior executive and senior boards' attention going to the U.S. because it looks as though the U.S. not only has a better and more generous environment but also is paying more attention to renewables, and it seems to be a place for longer-term investment.
I'm certainly hearing this, but I'm also hearing from members that a full-voice response from Canada—which we saw the beginnings of through the fall economic statement—really allows them to refocus decision-makers on the Canadian market, and we think that a very quick response here can effectively bring investments into the country.