Thank you.
It's very challenging to compete, particularly with the Inflation Reduction Act and $370 billion U.S. dedicated to climate change. A huge portion of it is dedicated to retooling plants, battery production and critical minerals. It's a big challenge.
That said, we do have an advantage in the fact that we have critical minerals. To your point, and we've said this many times, this is a generational opportunity if we seize it. To seize it, we actually have to improve and speed up our regulatory approval process so that these mines get built, processing facilities are put in Canada and we become a global supplier of choice. Our track record on that front is not fantastic right now.
This is the moment. Companies are making big investment decisions. If we don't get the environment right, we'll miss the opportunity.