Thank you to our witnesses for being here today and for your very thoughtful opening statements, which I think did a very good job assessing this situation as it exists today.
In the time I have today, I would like to talk a bit about where we can go in the future and how we can improve the energy situation of the country. I think that's the essence of this study and the point of what we want to achieve.
Both of you talked quite a bit—as I say, accurately—about our over-dependence on the U.S. and the complications that this has obviously caused currently. Then there are overlapping regulatory issues as well, which I think was also well said. As I'm sure you know, the federal government is in the midst of working on harmonizing environmental assessment procedures and processes with all provinces and territories. In my home province of Nova Scotia, that was signed a couple of weeks ago. There are many other provinces that have done that.
Mr. Johnston, you can go first and then Mr. Tertzakian can go afterward.
What are your thoughts on that process in particular? Perhaps complementary to that, what are your thoughts on Bill C-5, which is the major projects act, and on how those two things can be complementary to get these projects moving to diversify our options?