Thank you, Chair. I just want to ask for a couple of quick comments from the officials about carbon capture and storage.
I think back to about two years ago, when Christian Ouellet, John Godfrey, Nathan Cullen, and I were at Globe G8 plus 5 in Berlin. We heard from that delegation how important carbon capture and storage is. We heard that to reduce greenhouse gas emissions, one of the technologies the world was counting on was carbon capture and storage, and they were hoping that 25% of the reductions would come from that. We also heard that Canada is the world leader in that technology.
Since 2006, the government has provided $275 million to support the development of carbon capture and storage technologies, including $250 million in Budget 2008, to further support Canadian leadership in clean technology. This budget provides $1 billion over five years to support clean technology, which includes $150 million over five years for research, and $850 million over five years for the development and demonstration of promising technologies, including large-scale carbon capture and storage. This support is expected to generate a total investment in clean technology of at least $2.5 billion over that period.
Could you make some comments on carbon capture and storage? I'm very excited about it. The world is counting on it, as Mr. Ouellet and I heard clearly. Does Canada remain the world leader on that technology?