International Trade committee  Absolutely. It needs to be clear and simple, yes, because banks won't finance...they will not want to get into an argument with the government over whether or not—

International Trade committee  That's correct.

International Trade committee  That's a great question. I'm not sure that I have the time to adequately respond to it. I think there are a number of ways you can create a level playing field. For instance, in the IRA, specific to hydrogen, the American legislation has provided a very elegant solution, which s

International Trade committee  Exactly. We've decided—and this is fine, and I'm not being critical here—that we want to go with the one-time tax credit on the eligibility of certain assets or the capital cost of a project. That's fine too. You have to weigh one against the other. It doesn't have to be exactly

International Trade committee  I'll give you an example. This is just an example, but I think it's an indication of the sense of the supply chain problems. We were told by one of the very major OEMs in this industry, without whose participation it would be very hard to build a project of our scale, that if we

International Trade committee  Thank you for the question, Mr. Blaikie. The infrastructure doesn't exist in a classic sense. However, elements of the infrastructure exists. Obviously, industry talks to union and each talk to government. Industry does have a responsibility to get its act together to act in uni

International Trade committee  Thank you. I think getting the Americans to try to change what they have already legislated is not a good use of time and energy. Billions of dollars are being invested on the back of that legislation, and the Americans are highly unlikely to tolerate any amendments to what has

International Trade committee  Thank you, sir. Look, we need specifics around what the tax credits apply to because we cannot do financial modelling. Without financial modelling, we can't bring our lender consortiums on side. We're talking about investments of billions of dollars, so obviously we need to be

International Trade committee  Thank you very much, Madam Chair and members of the committee, for this invitation to discuss the impact of the U.S. Inflation Reduction Act. As it has been said, I'm John Risley. I'm the director of World Energy GH2, which is developing Project Nujio’qonik, a $12-billion U.S. i