Natural Resources committee  The first question was about regulatory processes matching outcomes. In the simplest terms, there is enormous ambition for the Canadian government and for Canada to decarbonize. To do that, having processes that are simple and streamlining regulatory and permitting processes would allow that outcome to occur more easily and faster, and would give more confidence to investors.

Natural Resources committee  Thank you. One of the real tricks to getting the price of hydrogen down is scale. If you can make it in swimming pool sizes versus teacup sizes, you can lower the cost, particularly of the hydrogen made from the Alberta autothermal reformers with CCUS, and have it over 90% emissions-free.

Natural Resources committee  I'm sorry. Being able to build hydrogen at scale allows you to lower the price and then be able to decarbonize industry, heating, power generation and transportation. It's the scalability that helps lower the cost.

Natural Resources committee  I don't have that exact answer. I know there are set-asides, which vary by region, but I don't want to mislead. What we can do is take that away and get back to you. In terms of the power plants we used to have—the converted fossil plants or coal-to-gas conversion plants we sold to Heartland Generation—the law required that a large set-aside be maintained for the reclamation of those projects.

Natural Resources committee  Thank you, honourable member. ATCO has invested heavily in the energy transition. We are deeply committed to renewables. We have a goal to have a thousand megawatts in operation by 2030. We're about 32% along the way of that goal and are very excited to continue to build more. We've purchased a pipeline of 1.5 gigawatts of renewables.

Natural Resources committee  Thank you, honourable member. It's 1,500 megawatts, so 1.5 gigawatts, and of that we have a large solar project right now, Forty Mile, which is about 220 megawatts. In total, we have about 320 megawatts and we have an additional roughly 1,100 megawatts that we are seeking to build.

Natural Resources committee  Our stated target in our sustainability report is 1,000 megawatts of operational solar by 2030. We hope to better that. That's our stated goal and we hope to do better.

Natural Resources committee  That's a great question. We think there are a few things. The Alberta Indigenous Opportunities Corporation—I think Ontario has a similar one—is a great organization to enable and to help fund these projects. The extra funding from NRCan has also been very helpful for some of the projects we've been doing recently, such as our large urban solar projects here in Calgary.

Natural Resources committee  Thank you, honourable member. That's a great question. In Canada, over 84% of the electric system is already emissions free. The provinces of Quebec—with Hydro-Québec—Ontario, B.C. and Manitoba are at nearly 100%, but other provinces, such as Saskatchewan, Alberta and Nova Scotia, are not nearly so far along, so the impacts aren't felt equally.

Natural Resources committee  It's a great question. As our smart tax people tell me, the systems between the two countries aren't the same, so of course they'll never look exactly the same. I think it's the simplicity. Say, for instance, if you look at the investment tax credit, you see that there are more sticks attached, whereas the IRA has a lot of carrots.

Natural Resources committee  Thank you, honourable member. I think it's around 30%. I don't have it exact, but I think there are about 3,400 megawatts of wind and about another 1,200 megawatts of solar out of a total grid capacity of probably about 15,000 megawatts. It's a high percentage. I think it's over 30% in terms of capacity of power installed.

Natural Resources committee  In terms of hydrogen, you hear a lot about colours. There's green from solar renewable energy and blue made from natural gas. With CCUS, you can achieve over 90% emissions-free hydrogen, which is, in terms of the life cycle, similar to or better than solar-generated. We do both in Perth.

Natural Resources committee  Right now, the industry is feeling a bit in between. It's sandwiched. You have the federal and provincial governments, and I think in some provinces there are different needs and different regional concerns in the laws and regulations that are in place. For instance, in the investment tax credit, one of the concerns we have is that it's not clear if our project....

Natural Resources committee  Currently, we have Forty Mile Solar. It's already gone through the process, so we are not impacted, to answer that question. We actually believe that in the long run.... It's frustrating in the short term, but we believe it's a good thing in the sense that, if we get this right, it can be a way to ensure that as we go forward in the implementation of renewables and baseload power we can address the problems of reliability.

Natural Resources committee  Thank you, honourable member. No, we were just as surprised as everyone else. As you know, we have a pretty large renewable book, and it was a surprise. For those who aren't aware, in August the Government of Alberta put a six-month pause or moratorium on approvals until February 29, 2024.