Mr. Chair, I'll be splitting my time with MP Williams.
There are three contracts right now for production subsidies with three companies, totalling about $35 billion, on lithium battery assembly—not production but assembly. My view is that it's a $35-billion bet on the VHS of batteries, since Toyota and others are now producing a hydrogen internal combustion engine with no emissions, which can be fuelled in 15 seconds, so it's a big bet on old technology.
That aside, people have been very curious, I think, about what that subsidy actually is. The IRA sets out the battery subsidy, and that's a public document. It's my understanding that these three contracts mirror that year-over-year subsidy amount that's in the IRA. Is that correct?