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Natural Resources committee What I could say is that, as Brookfield is investing billions of dollars every year in renewable assets around the globe, we have a new transition fund that's just been announced. We aim at investing in renewables and any new technology that's in the transition. The thing is, we
April 30th, 2021Committee meeting
Frédéric Verlez
Natural Resources committee That's right, or loans from CIB that would take, maybe, an additional risk from the start of the technology and the fact that these projects are not currently deployed in large scale.
April 30th, 2021Committee meeting
Frédéric Verlez
Natural Resources committee Yes, that's right.
April 30th, 2021Committee meeting
Frédéric Verlez
Natural Resources committee You're welcome.
April 30th, 2021Committee meeting
Frédéric Verlez
Natural Resources committee I have maybe just one clarification to make to make here, in that it's a project right now. The electrolyzer is not built yet. We're moving forward with that project with our partner Gazifère. The difference here, and I think one of the key elements, is that we're using our own
April 30th, 2021Committee meeting
Frédéric Verlez
Natural Resources committee Actually, my comments will be along the same lines as Ms. Trudeau's. Infrastructure such as pipeline systems could be shared in order to transport hydrogen. That could be very beneficial to us. Right now, it's hard to balance the economics of doing a project like that. We would
April 30th, 2021Committee meeting
Frédéric Verlez
Natural Resources committee Actually, we prefer to talk about the carbon intensity of hydrogen rather than to categorize it by colour or by production method. So-called green hydrogen, which would be produced by electrolysis with electricity that is not clean, would certainly not have the same carbon conten
April 30th, 2021Committee meeting
Frédéric Verlez
Natural Resources committee Mr. Boies answered the question very well. I wholeheartedly agree with his arguments. For us, as a renewable electricity producer, a regulatory framework would be a way to ensure that we make competitively priced energy that is used to produce hydrogen, which is an input in all
April 30th, 2021Committee meeting
Frédéric Verlez
Natural Resources committee Good afternoon. Thank you to the members of the Standing Committee on Natural Resources for inviting me to take part in its study on the low-carbon and renewable fuels industry. I'm delighted to appear before you today to discuss the important role low-carbon and renewable fuel
April 30th, 2021Committee meeting
Frédéric Verlez