Thank you.
Like Mr. Chambers, I do appreciate some of the information that was sent in advance about these different measures.
One of them, I think, is very important in looking at the integrity of these investment tax credits. It mentions the clean hydrogen tax credits, which will be done through carbon capture from natural gas, which would be turned into a form of clean hydrogen.
It mentions that the Environment and Climate Change Canada fuel life cycle assessment model is going to be used to assess the life cycle carbon intensity of a hydrogen project, based on its design.
The history in Canada, and also around the world, has shown that carbon capture has vastly underperformed expectations, with some facilities only capturing half of what was expected.
I was hoping that you could explain to this committee how the investment tax credits related to carbon capture—both this one and the one we discussed with the fall economic statement—will ensure integrity for carbon capture in practice, rather than just in theory, before it's built, given that it's an investment tax credit and is provided up front.