Very good. Thank you for the question.
Let's first identify why we are here today. The IRA is the most audacious public policy instrument ever introduced to decarbonize a major economy in the world. We're here talking about it because we all know it's going to work.
What have they done? They have unleashed the power of private capital to attain a public good, which is decarbonization. We're busy—I apologize to my colleague—talking about strategies, plans and tables. Strategies, plans and tables don't decarbonize anything. Investment decarbonizes. We have to come back to that.
I think we have to stop with the self-inflected wounds. We have all these debates. Is it blue hydrogen? Is it green hydrogen? Guess what—in the IRA, they both count. It's a different level of incentive, but there's one for green, and it's really high, and there's another one for blue, and it still makes it cost-competitive.
We're debating in Canada. Why haven't we seen the investment tax credit for carbon capture and storage? It's because there are many critics who don't think it's a good idea, yet we are one of the world's top 10 chemical producers. It is one of our easiest solutions to obtain decarbonization in our sector.
We have to move on these things. The time for study and tables and plans and frameworks, as we heard from Egypt over the past two weeks, is gone. It's the time to invest and invest quickly, and that's what Canada has to do. We're talking about it because the Americans are doing it incredibly quickly.