Natural Resources committee  On your first point, about our own investment, the support we received was provincial, as I said. This was both for the price per megawatt and in terms of the much appreciated efforts of Quebec's Department of Finance. Then, the important thing for us today, as we have said, is

Natural Resources committee  I think it will to a large extent. When we are looking at other countries.... Let's take Europe, where there are nine billion euros in Germany and seven billion euros in France, just to give you a couple of examples. It's important because it's a question, as well, of maturity

Natural Resources committee  To begin with, looking at the relative capital intensity activity we have, we are looking at stability. When we decide to make such an investment, it's not for the coming 10 years. It's for—

Natural Resources committee  We have overall relative economic and political stability in Canada, but when you're speaking about stability, stability in terms of rules, when I am making an investment today, I'm not looking specifically at carbon price today. I'm looking at what I expect carbon prices to be i

Natural Resources committee  There are two or three reasons for that. First of all, when we are looking at the technology provider, it's the company Cummins—ex-Hydrogenics—based in Mississauga, where Aire Liquide has 19% of shareholding. It's Canadian technology and a Canadian project in terms of investment.

Natural Resources committee  This is where it is so important to have all the players all lined up, including the authorities and the politicians. Generally speaking, what we can certainly say, and say very clearly, is that our situation today is that, if we compare today's cost of so-called grey hydrogen fr

Natural Resources committee  First, today, we know how to sequester gases in deep geological layers. At Air Liquide, we have been doing it with natural gas for a number of decades. We also do it with hydrogen. We currently have networks of hydrogen in the United States, in the Gulf of Mexico, where they have

Natural Resources committee  Thank you. To begin, according to us, what is totally critical is to make sure that the investment we're going to do, scaled up larger, will be based on what we could define as encore customers. No matter if the encore customer is a large industry or basin, like a captive fleet

Natural Resources committee  Yes, I can confirm that. However, it's in the broad sense. It's not just about primary production, but from production to use and application, either for transportation or for industry.

Natural Resources committee  Yes. We can certainly talk about the various colours of hydrogen. I would rather describe hydrogen in terms of its lack of carbon. Green hydrogen will always keep a portion of a carbon molecule, whereas other types of hydrogen will have more carbon. Today, if we consider the pro

Natural Resources committee  Certainly. Today, an industrial concern like Air Liquide is able to invest in all those means of primary production. I would tend to say that we will be guided by the energy situation and the possibilities in the countries in which we find ourselves. In Canada, and in Quebec in

Natural Resources committee  Thank you. Let me make two points. First, we understand hydrogen, because everything at Air Liquide revolves around it. We are totally convinced that this molecule is what we need. We produce several tens of millions of cubic metres of it per year, and we have done so for a litt

Natural Resources committee  Mr. Chair, ladies and gentlemen of the committee, thank you for giving us the opportunity to present our vision of how Air Liquide Canada plans to contribute to the energy transition, particularly in the area of fuel mobility. A few words about Air Liquide. The group is a little