Sure. Thank you for that question.
Obviously, in answering I have to contain my enthusiasm for the major projects management office and the terrific results, frankly, that it has had. There are myriad examples, but on to the more pointed question around the efforts to improve the regulatory system and the aboriginal consultation associated specifically with it, we are providing $135 million over five years, starting in this fiscal year, to continue to improve the efficiency and effectiveness of project approvals through the MPMO initiative, our plan for responsible resource development.
MPMO has transformed the approval process for major natural resource projects by shortening the timelines, streamlining reviews, and improving accountability by monitoring and reporting on the performance of federal regulatory departments. More than 35 major mining, hydro, nuclear, and oil and gas projects worth more than $105 billion have completed the review process since the initiative was established. I think, objectively, that's a terrific result, and this has helped ensure that Canada remains an attractive and competitive place to invest in resource projects.