Thank you, Mr. Chair.
I'm quite surprised by what I've just heard, because we have seen this movie before.
Streamlining the process to reduce the carbon footprint of oil through research and development reminds me of what happened in the early 1970s with oil from the tar sands. We didn't have the technology to extract it. We had to invest massive amounts of capital to do so.
We have a major problem. When I look at the European Commission's strategy and the German government's strategy, they always talk about renewable hydrogen. In your strategy—I had a quick look in the document you released—the word “oil” appears 15 times. That gives me the impression that the objective of your hydrogen strategy is to find opportunities for the oil and gas sector. In this sense, one issue seems essential to me.
In your strategy, have you ever thought about prioritizing a specific type of hydrogen, one that would perhaps have a smaller carbon footprint and one that doesn't involve a lot of capital investment in research and development, to do what we call greenwashing the oil and gas industry?
Mr. Hoskin, does this strategy prioritize a certain type of hydrogen?