Madam Speaker, let me start by thanking the member for Nanaimo—Ladysmith for his question. I think it is one of the first questions he has asked in the House, and it is nice to be having this conversation.
I am also grateful to the member for raising the question of the proportionality clause, or the ratchet clause, which bound Canada to sell a certain proportion of its energy exports to the United States. This is a clause that is gone, and I think that is another real victory for Canada.
I share the member's view, as I said in my comments, that getting rid of ISDS in our trading relationship with the United States is another real win for Canada. As I mentioned, ISDS has cost Canadians more than $300 million, and it has had, academics believe, a regulatory chilling effect in terms of our own ability to regulate for health, safety, the environment and so on.