Thank you, Mr. Chair.
Mr. O'Connell, I completely understand your answer. You're making it clear you still need that tax credit and carbon pricing.
We've had this discussion many times in committee. To his great misfortune, former minister of natural resources, Mr. Wilkinson, asked me to join him in Berlin where I spoke to representatives of the Siemens company about blue hydrogen production technologies using carbon capture strategies. I was surprised when they said they didn't believe in this model because the technological costs were too high to make it an attractive energy source. I'm just telling you about that discussion, because it surprised me.
If I understand correctly, you just said that to operate your plant — knowing two thirds of your share of funding comes from tax credits —, we have to keep carbon pricing, and I completely agree with that. Given Siemens' position regarding very high technological costs, do you really think there's a market for blue or green hydrogen in the short term?
