Thank you very much, Mr. Chair. I'd be happy to address the question.
I do agree that there is an infrastructure gap. It's not just in terms of what we need for now and not just in terms of our ports and our airports, which are traditionally what you look at with respect to infrastructure. As governments around the world are making public policy decisions to move to net zero, added investment will also be needed to take on that greater challenge—and it is a huge challenge.
The amount of infrastructure that has to change is actually something that is both breathtaking and mind-blowing at the same time. It's difficult to contemplate how all of this money is going to come from a taxpayer or a ratepayer, because they simply can't foot the bill. [Technical difficulty—Editor] in some of these changes. That is happening and as a result, I do think that the gap that we already have, which continues to widen [Technical difficulty—Editor]. As a result, moving towards a net-zero future is going to have to be addressed by partnerships between the federal government and the private sector.
I'm agnostic on how that is accomplished as a public policy or a tool of the government. I do believe every government has the ability to make its own choices. I just wish and hope that, in making these choices, we don't lose a period of time because the race is on. We have to make sure we keep our focus and our eye on the ball.
I would agree with Mr. Sabia, and I think it's important to note, that we have seen a fundamental change in the Canada Infrastructure Bank in the past three years. It is putting projects out and it does have a very professional team and staff that are capable of doing so. You will see that I have made public comments with respect to that very matter over the past year and a half. As part of my job at CIBC, we do work with the Canada Infrastructure Bank.