Thank you very much, Mr. Chair.
Dear colleagues, Commissioner, ladies and gentlemen from the public service, welcome. Thank you very much for the work you are doing on behalf of Canada and Canadians.
Commissioner, I would naturally like to talk to you about the net zero accelerator initiative component of the Strategic Innovation Fund.
We're talking about $8 billion of taxpayer money. That's a lot of money. Is it effective? That's the question.
On page 7 of your report, there's a description of the system's lengthy and complex process. On page 12, it's clearly stated that difficulties are encountered in attracting large emitters, with only two of the 55 companies involved responding to the invitation. On page 17, we learn that of the 17 contribution agreements, only five companies signed up.
Commissioner, with a track record like that, which shows that the program is not very attractive, do you believe it's effective?