It's a good question.
It was obviously infamous. The German chancellor and vice-chancellor came in the middle of their own energy crisis as they were building their own LNG import terminals and trying to find an alternative to the Russian supply but also to some of their Middle Eastern providers. They wanted some redundancy in supply and to not be all dependent on the United States either. Of course, Canada has the resources of an energy superpower but was not able to offer anything to our German colleagues at that time, so there wasn't much of a business case, and we promised instead green hydrogen.
Actually, that green hydrogen was supposed to be delivered in 2025. The MOU or commitment to Chancellor Scholz said that we'd be delivering in 2025. Obviously, we're nowhere near production. The bottom has fallen out of that market. There are no buyers in Germany. In fact, there are cheaper sources they could buy green hydrogen from in and around Europe, so we haven't seen that. This goes to the heart of where we should be putting our efforts and where we should be positioning our communities to thrive in the future. We have to think about doing things that have real investment and real capital instead of focusing on hopes of some technologies coming out in the future.
