With respect to electrification, our interest of course is broader than simply a discussion of electrification of mining or, as I spoke earlier, about electric vehicles. If we're going to begin to take steps towards meeting some of our climate change commitments, we're going to have to decarbonize significantly and electrify the economy.
If you look at studies that have been done by Trottier Energy Futures, the Conference Board of Canada, and many others that try to quantify what that future would look like if we're going to move towards some of the climate targets we have, we're looking at a very significant increase in the need for electricity for transportation, certainly, and for industrial processes, for HVAC. As a result of that, every technology is going to have to be on the table.
We're very enthusiastic about what's taking place, certainly in the SMR space, but as we look even further to the future we're interested to see what's going to happen in the hydrogen space and how that will be part of our future. If you cast your mind more than 10 years into the future and try to figure out what it will look like if we're going to begin to make significant progress in reducing our GHG emissions, it is a future that is essentially going to be electric.