I could speak to the regulatory portion to a certain extent. The Fraser Institute does several annual surveys—one on mining and one on upstream oil and gas production—of executives with companies that engage in that kind of production. One of the things we've learned from the year-to-year surveys is that good regulatory environments, that is, transparent regulatory environments that are non-duplicative and non-burdensome, are a huge factor is making a jurisdiction attractive to investment.
Your capital and regulation parts go hand in hand. With the right regulatory regime you can make a jurisdiction attractive to investment; with the wrong regulatory regime you can discourage companies from investing and they will send their funds elsewhere. You have to get the regulatory part right to attract the capital that will build the projects and hire the labour.