Finance committee  Yes.

Finance committee  That's a great question...a great question. Industry Canada shows that for every dollar of private sector investment in the biotech sector and life sciences, there's more than a dollar matching of public funding. So right off the bat, our sector is hitting the ball out of the par

Finance committee  Sure. Let me answer that question.

Finance committee  The answer to this question very simply, in a word, is that there is no energy we use on this planet that does not have some combination of industry and government policy. The government has rightly legislated that 5% of gasoline will be ethanol. That's not industry driving this.

Finance committee  Yes. There was an earlier road map done. Industry Canada and NRCan lead together in developing these technology road maps. We've come quite a ways in terms of developing the technology. We're starting now to sell it, so it's the right time now to look at that road map and see w

Finance committee  Those road maps are funded by Industry Canada or NRCan. It's a series of road maps they do for other sectors. It's a kind of methodology they have that they use to advance technologies.

Finance committee  I've touched on this question of innovation and where it comes from, and sometimes it's tied to economic development rather than innovation. Look at carbon capture and sequestration. It's a necessary technology, but it's going to a sector that makes a lot of profit, and it's tied

Finance committee  That's a very good question, one that is hard to answer in a few seconds, but there are sometimes conflicts with traditional industry with regard to the innovation we create. Right now, innovation is a subset of Industry Canada and there is a minister of state for innovation. It

Finance committee  Thank you. That's a great question because there are a lot of issues. People think, oh, it's a fuel-cell car. A fuel cell is simply a type of battery. For a battery, the chemistry is inside the battery. We're all familiar with that. In a fuel cell, the chemistry is on the outsi

Finance committee  Currently we have early industrial markets that can afford a higher price. Those are in materials handling, for forklift trucks, where they're replacing lead acid batteries with fuel cell power packs that can run twice as long and that drivers can refuel in under one minute thems

Finance committee  The target is for new equipment because ideally you design a product to use a fuel cell from the ground up. The forklifts are all retrofits; they're existing forklifts in warehouses. You just slide out the lead acid battery and slide in a fuel cell.

Finance committee  Most of the lithium for lithium batteries--about 70% of the world's supply--is controlled by Bolivia. That's a real issue.

Finance committee  Thank you very much. To be specific, the good news is that the product is selling today and that it's an industrial market. Those early markets are for materials handling, such as forklift trucks, fuel-cell-powered forklift trucks using hydrogen as the fuel, and for telecom back

Finance committee  There is an early premium over fuel cell products they're selling today because they're initially in low volumes. Covering part of that premium increase creates an incentive for industrial users to purchase those products. This isn't a supposition. The U.S. has that tax credit no

Finance committee  Thank you. Thank you for your time today. I'm going to share with you information that I am fairly certain you haven't heard before. Canada produces 3 million tonnes of hydrogen each year. Think about this.The U.S. produces 9 million tonnes each year today--it's not a gas of