Industry committee  BDC is providing loans. The number I gave was $100 million. It's actually $204 million to 200 to 300 clients.

Industry committee  On the program idea that the deputy talked about, effectively what we're looking at are those companies that were not eligible under the strategic innovation fund to determine whether there is both sufficient demand and a policy rationale to look at providing support. At this point, there's no determination of its going forward; it's simply an analysis that's under way in the department.

Industry committee  The answer is yes. That would be an eligible expense, and we would be excited to see such a project. The challenge would be that, commercially, it would need to not only be viable during the period of tariffs but be able to survive the removal of those tariffs in the future. That is a key condition.

Industry committee  To understand better, are you asking about a situation where a company has already made an investment, and therefore has paid for it? In our experience, there are tips that innovation and keeping an enterprise competitive are not a one-off step, so we have expectations that companies are going to continue to invest.

Industry committee  I'll just make two comments. I won't comment on the LNG decision, because I think you would need to be within all of the aspects that are required in order to successfully attract what is one of the largest investments—if not the largest—in Canadian history to British Columbia.

Industry committee  I'll make two comments on that. If you look at trade flows between Canada and the United States—and as in so many areas, we are each other's largest importers and exporters of steel and products—it's very much a north-south flow on each of the coasts, because of the costs of transporting steel from one coast to the other.

Industry committee  The only announcement so far has been about ArcelorMittal. However, as I noted, we have a number of proposals that we've been working on with companies. We have probably about seven or eight that are close, by which I mean they could be ready in the next six weeks or so.

Industry committee  Exactly. It was a specific carve-out. Obviously, with the duties being put in place against Canada, we knew the immediate impacts were going to be on the large steel producers in particular and aluminum companies as well. The price of aluminum has gone up considerably, but it's a continental price so the effect has not been as significant on the large primary producers, but on steel companies the effect has been in the millions of dollars per day.

Industry committee  Sir, with all due respect, we have not been the holdup on any of those projects moving forward. We have met with the companies on a regular basis from the moment we announced it, and as the projects have been developed. You have to remember that these are capital expenditures by the firms.

Industry committee  I think you're thinking of.... Over there, it's the duty drawback and relief programs, and there's also the remissions process. Both of those are run through the Department of Finance. It did take some time for decisions to be made there, but now there has been funding through both of those envelopes as well.

Industry committee  Sorry, the $125 million...?

Industry committee  Where is the $125 million from?

Industry committee  Oh, so this is the—

Industry committee  It's half of the $250 million that was allocated to the strategic innovation fund.

Industry committee  What was announced on July 1 was an additional allocation, as I noted, of $250 million for the strategic innovation fund, to support primary steel and aluminum producers.