I look forward to working with you in your new capacity.
I'd like to thank our witnesses for being here for the excellent conversation we've had so far today.
In the opening statements, it was mentioned that Canada can't compete dollar for dollar with what the Americans are doing under their IRA. In the fall economic statement last year, and with the spring budget, we saw some very targeted measures put in place. I think we all know this. We had a bunch of stuff: the Canada growth fund, the investment tax credit for clean technologies and the pursuit of hydrogen. Then in the budget there's the pursuit of this transition through other tax credit measures, and so on.
I'm curious about your thoughts. We've seen the federal government step up and try to move our economy to decarbonize, moving to a green economy and competing to make sure there are investment dollars staying in Canada, yet we see provinces like Alberta introducing a moratorium on clean energy projects. There is an article in the Calgary Herald that indicates they anticipate 118 projects have been affected, representing $33 billion in investment and enough work to give 24,000 people a job for a year. To me, that should be very concerning to Canadians, and particularly to Albertans.
When we have the federal government providing such leadership, what are your thoughts about the opportunities we're losing when the provinces fight tooth and nail along the way to retain old ways? We're seeing the loss of investment that should be coming to Canada despite the IRA, yet we're creating this situation. Does it mean all of that investment is going to B.C.? What measures does the federal government need to put in play? Is there anything beyond what we've already done to make sure we retain investments, that Canada continues on this transition and that we don't bury our heads in the soil and lose out on great opportunities to do the right thing at this point in time?
Are there any thoughts on Canada's response to the IRA and how we compete with this sort of tension we're seeing right now in Canada?