It's a great question. First of all, it's clarity and certainty. A permit should be a permit and should not, once granted, be subject to being shredded and discarded, which is what has happened repeatedly with many of the pipelines.
Second is the time value of money, which all investors will look at when thinking about building a pipeline. We need to shorten the process of permitting substantially—from many years down to less than one or two years. This is where the competition is at in other jurisdictions in the world, including the United States.
When investors look at their global portfolio and ask where they are going to put their money, they want the certainty that when a permit is granted, it's real and they can get it in a reasonable amount of time, because of the time value of money.
