That is still a significant advantage given to the industry. I'm telling you this because I'm curious to know what your investments in the energy sector in Quebec are.
Last week, representatives from Hydro‑Québec, who may never have made any requests to you, came to say that the two major energy export projects they have in the United States, the one to New York and the one to Massachusetts, haven't received a single penny from the federal government.
However, when I look at the major energy projects in the west, which are oil-related, I see many forms of financial support—you've broken them down—coming from EDC. I find this quite contradictory, and I'll explain why.
The four biggest players in the oil and gas sector are 60% owned by U.S. investors. During the reference period, from 2021 to 2024, they raked in $131 billion in profits. From this $131 billion in profits, record dividends of nearly $80 billion were sent to American investors.
I find it hard to understand why these people aren't reinvesting in their facilities and supporting the oil and gas sector supply chain, and why EDC needs to do that, when these investors are making record profits. I find this dynamic hard to understand, which is why I'm interested in seeing a breakdown of your investments by province—to see if there is glaring inequity—and, above all, by energy sector.
I also see in some of your reports that you've supported clean technologies for the oil and gas sector to the tune of $102 million in 2023 and $464 million in 2022.
When you provide a breakdown, do you include that in clean energy investments or investments in the oil and gas sector?
I think it would be important for the committee to have that type of information to understand the situation.