I'll try to be quick.
The main challenges I hear are duplication, redundancy, long timelines and political risk. Until there are actually shovels in the ground, there could be a designation or there could be a veto.
What the Business Council of Alberta said eloquently was that ultimately what needs to happen is that a CEO needs to be able to go to their board and say with some certainty what the cost of a project will be and what the timeline of that project will be so that they can make a business case for it and plan for it. That's not possible in Canada right now.
A colleague of mine in New York who is in the nuclear renewable space—not oil and gas—emailed me following the impact assessment decision. He says they're watching. A major multinational firm is watching the IA changes. Right now, they internally call the Impact Assessment Act the “Don't Invest in Canada Act”. I've heard that it's a “Don't Invest in Canada Act”, that we're a banana republic and that there's quiet quitting. The numbers all support this, so—