Thank you very much, Mr. Chair.
Mr. Estabrook, I'm going to start with a small friendly correction. In your answer earlier, you said that industrial sectors need hydrogen in their processes. You highlighted the aluminum sector by saying that electricity doesn't make it possible to produce heat. Where I'm from, in Saguenay—Lac‑Saint‑Jean, we have been making aluminum with hydroelectricity for more than 100 years. The electrolysis process happens mainly with aluminum. I'm noting that in a completely friendly way.
I would like to tell you that I'm open to the use of hydrogen. I had many discussions about this with the former minister of energy and natural resources, Mr. Wilkinson. I remember very well that we even had a meeting with the people from Siemens, who told us that the governments might be ready to accept a higher production cost by providing subsidies to pay for it. That may be a good deal. You explained your auction method. The market has to be developed properly, so I completely understand that.
However, the people from Siemens said that the governments would never want to take on one thing, which was the technological cost. The people from Siemens told us this because they didn't believe in the possibility of making hydrogen with carbon capture and storage strategies. You will understand what I mean. The idea would be to produce hydrogen from gas, and there would be a carbon capture and storage strategy alongside it. They told us that if the production cost and the technological cost were combined, the total cost would be too high for it to become a worthwhile energy molecule.
I'd like to hear your comments on that specifically