I'd love to clarify things. We're using short, middle and long-term in different senses probably, so let's go back to some core facts.
Remembering that the project will both import and export power throughout its life, it's a net question. In the first 10 years there are four million tonnes of GHG reductions, estimated by the IESO and verified by our external adviser in Ontario. That's from importing power instead of turning on a gas plant in Ontario in the first 10 years. There will be seven million tonnes of reduction in the U.S. in that same time frame. If you go out in a longer term, those benefits continue to accrue on both sides of the border at slower rates because all markets become tighter and all markets become cleaner. The amount of GHG emissions savings gets less and less over the 40 years of the life but they continue on both sides of the border. The project, over the 8,760 hours in any given year, will both import and export.
I stand by everything in the quote you read from my quote and all the quotes, but certainly mine remains true. Everything I said is true. It is a great opportunity for all three, grid reliability, economic benefit and the GHG benefit, for Ontario and Ontarians.
The Minister of Energy in Ontario, Minister Smith, in his ministerial directive issued in 2022, thought the same, as does the independent system operator.