Mr. Speaker, this one-year review timeline is critically important. We know we need to build fast and we need to build at scale.
I want to give an example of a project in my riding that faced some significant delays. There is a big housing development where just the process of getting the habitat compensation project approved ended up taking three years. This is holding up getting thousands of new homes built. Rather than having to go through a multi-year process for habitat restoration work, this would allow for the purchasing of credits in a bigger habitat compensation project that could make a much bigger difference. This is instead of having to wait years for each individual project.
This is one of the many efficiencies that would be created by this legislation that are both good for the environment and good for getting meaningful projects built in all of our communities.