Thank you, honourable member.
There are two things. When boards consider projects, one thing is the risk that they'll even proceed. Extensive delays through long regulatory processes increase that risk and increase the attractiveness of taking your money down to the States and investing it under the IRA.
There are many things that can be considered. I know that the Privy Council has done some great work in looking at how they can improve the speed at which projects are developed. Right now, even for a mine, I'm hearing 10 years. If you were to propose a new carbon capture sequestration project greater than 200 megawatts, I estimate it would take four, five or six years to get it approved. On the new hydro plants, we're being told by the large hydro producers that if they were to build another Site C, it could be up to 10 years or 20 years.