Thank you as well for the kind words.
On the investment tax credits, or ITCs, within budget 2023, I wouldn't say that they are currently helping. I think it's premature. What they're doing is helping to retain investment in Canada and putting some certainty in place for the business community.
These are major projects. If you're talking about carbon capture, utilization and storage projects, these are major builds. They will take an incredible amount of private sector investment. What the business community is looking for from the government is a sense that there is conviction and certainty ahead, and that there will be investments and tax credits that make this jurisdiction in Canada a competitive one.
The IRA in the United States has had an incredible sucking sound for investment. It has brought all kinds of projects to the U.S. territory. What follows that is talent. What follows that is research and investment. The cycle it creates could have a long-term and prohibitive or disastrous impact on us here in Canada in our energy sector and in our net-zero climate transition.