We need to be competitive in both our fiscal measures as well as environmental measures. To speak to the emissions reduction plan and address climate change, which the committee is studying, we have to bring in policies that reduce emissions in a way that does not frighten away investment. When companies choose to invest, whether it's to grow their production or build a clean energy plant, a hydrogen plant, their boards of directors generally ask three questions: Is this project, this activity, going to produce enough revenue to cover the cost of capital? Is it going to cover the cost of financing and operating costs?
