Chris Varcoe: Just a follow-up, sort of a two-part question here. Maybe I’ll start with the first one and that is, you mentioned the stakeholders in rural Alberta being impacted. What are you hearing from rural landowners when you’re proposing renewable projects? And how are you addressing their concerns?
John Kousinioris: Yes. I think from a stakeholders’ perspective, I think it’s very, very diverse. I don’t think there is — at least our experience would be that there isn’t a single voice or a singular view on what we’re seeing when we’re out there getting things developed. I think there is a significant group of individuals that are welcoming of the development that’s taking place in the sense of creating revenue streams for them and creating economic opportunities for people in those jurisdictions. I think of our operations in Southern Alberta and now even Central Alberta, for sure, there’s jobs that are being created and opportunity for some of the landowners to create revenue. I think folks that have concerns, they are legitimate concerns, and we listen to them and it has everything to do with impact to birds and bird migration, bats to sidelines candidly in terms of being able to see.
We live in a beautiful part of the world. So being able to have that view that you’ve always had in an appropriate way, I think, is an appropriate view and people express it. And with our responsibility to hear that out, it does impact how we cite things. It impacts where we cite them. And I can tell you, we take the reclamation obligations that we have when it’s all done very, very seriously. And we’ve actually reclaimed the first wind farm that was built in Alberta. So we have a sense of what that’s about and returning the land to the state that it was in. We also have, as you know, years and years, candidly, decades of experience with mine reclamation. So it is critically important that, that work is done and it’s done from people that are determined to do it in an appropriate way.
So hopefully, that gives you a bit of a flavor. There isn’t a singular point. It’s everything from a spectrum of opportunity to concern about what happens at the end of the life of a wind farm and everything in between.
Chris Varcoe: And just to ask you, what signal do you think the pause is sending to the industry? Will it impact your investment decisions? Or do you think the industry’s investment decisions, such as perhaps looking at other jurisdictions because of the pause?
John Kousinioris: Look, I think a lot of the companies that I think are in kind of a vanguard of building out new generation in Alberta, also have projects in other jurisdictions. So they look at deploying capital in multiple places in the yard. Look at our company, we’re in Canada, the U.S. and Australia, and the development environment and opportunity sets are relatively similar in all those jurisdictions. So to a certain extent, you’re agnostic about where you go. I think with respect to this pause that we’re seeing to have the consultation done, it’s just six months. We take a long-term view in terms of our projects. There’s still a lot of projects that are effectively grandfathered and are being built out, including ours, and we’re committed to seeing those through.
I think we’ll end up with, I think, a thoughtful response from the Alberta Utilities Commission and the government when the consultation process is done. And I think, we’ll end up being better developers and builders of these assets that they go forward. I mean I can really speak for our company, and not on other companies, but it’s — we’re staying the course that the project that we would have been putting in the development or in the permitting queue, sort of imminently, we’re continuing to work on and develop with a view to seeing them being realized eventually in the longer term.
Operator: [Operator Instructions] There are no further questions at this time. Please proceed.
Chiara Valentini: Thank you, everyone. That concludes our call for today. If you have any further questions, please don’t hesitate to reach out to the TransAlta Investor Relations team later today or furthering up on to next week. Thank you so much.
Operator: Ladies and gentlemen, this concludes your conference call for today. We thank you for participating, and ask that you please disconnect your lines.
