Rio Tinto is certainly unique in the world in that it has rights to a river. You know as well as I do that these rights can be described as historic. I think they date back to the time of Mr. Duplessis. The goal was to have our own dams to generate energy. You don't need to hear my testimony to understand Quebec's energy challenges. We are both of a generation that, in a way, believed that the hydro capacity was infinite. We are now waking up and realizing that it is limited and that choices have to be made.
Mr. Sabia, the CEO of Hydro-Québec, recently told us about significant investments in energy transmission, distribution and production. It is clear that we will have to invest in order to maintain our activities.
As I said today, workers are among the most important factors in ensuring competitiveness for Quebec, but so is renewable energy. Everyone who wants to reduce their carbon emissions comes to us. That is the case for Northvolt. The same is true for titanium production. People want to produce somewhere, and Quebec is the greenest province in North America. So we have a strong ability to attract.
There are discussions with the Government of Quebec to determine how we could provide support. The vote we included in the federal budget will help Hydro-Québec, a Crown corporation, to carry out projects that will lead to production.