You are talking about missed business opportunities.
In Quebec, where we are established, certain Hydro-Quebec calls for tender encouraged projects in wind energy and biogas. We own a power plant fuelled with biogas in the Miron quarry in Montreal. It is one of the biggest in Canada, thanks to a Hydro-Quebec call for tenders in 1993. The purpose was to choose renewable energy projects that could complement hydroelectricity. This power plant allowed us to export technology.
However, there were a lot of missed business opportunities when the Kyoto Protocol failed. We had a technological showcase in Salvador that worked very well. We were selling our carbon credits to Luxembourg. There was also the power plant. We had developed a large number of projects in other countries, in South America and China particularly. The Kyoto Protocol-related drop in the carbon market clearly made us miss business opportunities, and that is why we are placing so much hope in the possible Paris treaty.
That said, thanks to the Hydro-Quebec call for tenders program and the carbon market, Quebec has become a leader. It is the first Canadian province to have adopted a policy aimed at pricing carbon. Ontario has followed suit. That is really interesting and not only for us. A lot of companies in Quebec will also take advantage of that possibility.
I can also tell you that Quebec is going to adopt the Coal Mine Methane Project Protocol Development, sometime before summer, and this will allow us to develop projects similar to the ones we have, be it in Alabama, British Columbia, Alberta or Nova Scotia, where there are coal mines. In addition, the credits generated in the other provinces of Canada will be eligible on the Quebec carbon market, which is on the order of $14 or $15 a tonne. That is extremely positive.