In relation to nuclear, we really do see ourselves as a green energy source. We have issues with managing our waste, but it's something we have managed very well and have technically discovered how to deal with. We know exactly where each fuel bundle is that has been in any of our reactors, how long it was in, and how long it's been out. So yes, that's particularly true.
We think we can have an advantage in the oil sands in terms of greenhouse gas emissions. There's no question. But that remains to be dealt with under the right business case to ensure that we can be competitive. All those other things we need are things we would like to live up to in the business challenge.
We do need some predictability. We need regulatory certainty, obviously, if we are going to go into those areas. Hydrogen has always been a favourite of ours, because nuclear plants run best and most efficiently when they're running all the time. They lug, so in the daytime, when people are using lots of energy, we're able to produce it. At night, when things generally fall off, we are still much more efficient when we're lugging at a high level. So at those times we could be used to generate hydrogen.
We're very keen to play a strong role in developing the hydrogen economy, moving forward. We provide Canada I think with an ability to participate in that new world. We have great potential in some homegrown companies in that business, and we would be seeing ourselves as a natural partner with those companies. We probably wouldn't want to focus exclusively on developing hydrogen for motive power and other things, but we would sure like to play a significant role in moving to that next technology.
I should say, by the way, that Canada has signed an international agreement. A role is being played by Natural Resources Canada to take us into the next generation of nuclear power generation. I think it's fair to say that we are very pleased in our industry that a long-term view has been taken and that we will play an increasingly important role there.
I'm somewhat concerned that we're not also still at the table with the fusion project, which is now to be located in France. But all those technologies help us to move one step beyond where we are now. I can see a very bright future for our industry, because we played a leading role in it internationally, but also because I think we helped to increase the ability of Canada to access its natural resources in a very profitable way for people right across the country.