Thank you. I'd be happy to.
I mentioned the size of our investment portfolio earlier. We have private sector investment ready to be deployed. The reality is that we have projects, whether export logistics transload or Vopak Pacific Canada and their proposal to move more transitional fuels on an export basis. These are absolutely critical in terms of time.
To be clear, the suggestion is not to remove red tape but to make these processes become more efficient and transparent. These are small projects that don't meet the threshold for a full, designated project under the Impact Assessment Agency, yet it continues to take years to complete an environmental effects evaluation. We just need it to be faster.
These global supply chains are critical to Canada's competitiveness. We often think about it on an export basis, but what we're hearing today is that it's also on an import basis. In order to be able to develop these kinds of competitive capacities within Canada, we need to have a fully integrated, leading-edge supply chain. As we look to bring in these critical pieces of trade infrastructure, lagging behind our competitors in being able to put these capacities and capabilities in place is to our own detriment. The rest of the world is moving very fast. We have to find ways to be competitive on a timely basis as well.