Thank you very much for the question.
Originally, when the policy on the clean hydrogen ITC was developed, it was focused on a narrow set of parameters, and there was a worry the industry was going to explode and not fit within the budget. That has not been the case. What you're seeing is a request to reset the conversation, as the industry has come back down, to core projects.
We've engaged, both at the political level and with senior staff, to say the industry is adjusting. We're trying to move more quickly around those types of changes to allow projects to be unlocked and create the jobs I mentioned earlier.
The other thing is around ECCC and the carbon intensity of the grids. We're actually treating our grid 10 times worse than the Europeans treat their grid. What we're trying to do is unlock value here at home through the carbon intensity of our grids. The Quebec grid, as a whole, is 99.6% renewable. Why in the world would that be treated as a dirty grid, from our perspective?
We see the ITC and the treatment of the carbon intensity of the grids as being critically important.
