Yes, Mr. Chair, it's much calmer these days than it was when you and I were members of this committee together. Thank you for the welcome; it's nice to see you.
I have a question, and I hope the chair will give me some space for relevance because it is relevant. Sometimes, whether it's 40 years or the 50 years you're expanding to, those are years when the exporters of LNG are actually making money, so that's what they build their financial plans around. However, the main problem with getting these pipelines, this necessary infrastructure for Canada's prosperity, in the ground is the holdups they have with the Canada Energy Regulator.
If you're measuring yourselves on how badly you're performing in meeting your own guidelines in the legislation to get the timelines met that industry can depend upon, do you know what percentage of the time you're late?
I'll give an example with the northern corridor expansion in Alberta. When you miss by two months, you miss by a year because there is a very short building season. That, of course, is built into the cost of capital that everybody has to account for. The cost of capital goes up, the cost of the project goes up, the timing obviously takes a big hit and the Canadian economy suffers.
Is there some way you can start meeting your own targets for the regulatory deadlines the country and proponents of projects count upon?