I'm not here to talk about this, per se, but I would echo the comments on the hydrogen ITC, because it doesn't make any sense to try to.... I've worked a lot on that, and it doesn't really make any sense that we're treating Quebec's grid, which is not one of the best grids we know the world has...and not being awarded the full credit.
In terms of the focus now for us and what I think is needed, what is the fiscal dimension of the electricity strategy that was announced about 11 days ago? The scale here is hundreds of billions of dollars, which we're going to be spending over the next couple of decades. It's $1 trillion plus.
The ITCs were a good tool. The expansion of the ITCs at the intraprovincial transmission.... Before that, the ITCs included transmission between provinces. Now the strategy has signalled that it's going to expand that to within a province, which we know is the majority of the transmission that's going to get built. I think that was a positive.
We would have also liked to see ITCs at the distribution level. We know we're going to have transformers, poles and wires. All of these things and transmission are going to be at least half of that $1 trillion, but we don't currently have a mechanism to support that.
It really comes back to what role the federal government should play in making sure that we're managing rates for Canadians. As I said, I'm not suggesting that this is wholly within the responsibility of the federal government. A lot of it is provincial. The strategy set a new level of ambition, and we still have only the investment tax credits based on the previous, future-looking approach we had.