I'll take it. I'll start.
Obviously, the federal budget tabled by the Deputy Prime Minister was very significant in terms of setting the stage for continued growth and the acceleration of growth in the nuclear industry in Canada—as you pointed out—in areas like the investment tax credit and the inclusions. We see it as a very positive signal by the Prime Minister domestically, along with the international signals that are there, as you pointed out, in the recent statement issued by President Biden and Prime Minister Trudeau and the recent G7 and G5 ministerial meetings, as well as the energy ministers' meetings in Japan, which Minister Wilkinson attended.
There's a significant signal occurring that nuclear will have to be part of the solution to meeting the climate crisis and increased concerns about energy security in key markets such as eastern Europe, where you already have Romania, which is a CANDU country. We're fully engaged there. That type of opportunity is real and there for Canada. Other countries are mobilizing, of course, to try to take advantage of these opportunities.
In terms of VW, I can't speak to that deal particularly, other than what I've read in the press. It's certainly very true that clean energy will become a fundamental point for any investments moving forward across various different sectors. We're seeing this domestically, where the natural resource sectors are looking at, for example, very small reactors and how those could be applicable in the development and export of resources abroad. We're also seeing it with large industrial users looking at technologies—small modular reactors, as well as potentially large reactors—in various different ways that will increase the ability to provide clean energy that's also reliable.
One thing I can say is this: Different markets in Europe, for example, had learned certain lessons when they did not take a multi-technology approach. They have left themselves vulnerable, and their industrial base has had to adjust accordingly. They've seen emissions go up. In the experience of Germany, which made certain decisions, they've seen a significant increase in emissions and they have also experienced energy insecurity, so from that perspective—