WEBVTT 1 00:00:00.240 --> 00:00:03.330 It's the bigger risk for business. 2 00:00:03.330 --> 00:00:05.880 It's the bigger risk for the economy. 3 00:00:05.880 --> 00:00:09.840 Forty percent of the CEOs in the world are thinking that in ten years 4 00:00:09.840 --> 00:00:12.300 their business model will not exist anymore. 5 00:00:12.300 --> 00:00:14.126 Because of economical questions 6 00:00:14.126 --> 00:00:16.980 and because of sustainability questions. 7 00:00:16.980 --> 00:00:19.830 I think this is the main criteria 8 00:00:19.830 --> 00:00:22.130 for politicians to take the right decision. 9 00:00:22.130 --> 00:00:24.713 (upbeat music) 10 00:00:26.070 --> 00:00:28.350 Boralex's business is to fight climate change 11 00:00:28.350 --> 00:00:30.630 by producing green electricity, 12 00:00:30.630 --> 00:00:32.930 and make it affordable to participate 13 00:00:32.930 --> 00:00:36.983 to the economically viable transition. 14 00:00:36.983 --> 00:00:39.671 In North America, the grid is one thing 15 00:00:39.671 --> 00:00:42.078 which is a big limitation. 16 00:00:42.078 --> 00:00:44.910 We come from a power system 17 00:00:44.910 --> 00:00:48.476 with centralized power plant where you can define 18 00:00:48.476 --> 00:00:52.170 how much power you produce every minute. 19 00:00:52.170 --> 00:00:55.650 Typically with coal, nuclear, or gas, 20 00:00:55.650 --> 00:00:57.180 you can do that. 21 00:00:57.180 --> 00:00:59.190 With something which is more variable 22 00:00:59.190 --> 00:01:01.500 this means more storage on the grid, 23 00:01:01.500 --> 00:01:05.160 more storage distributed on the network. 24 00:01:05.160 --> 00:01:07.800 So there are a lot of things which will evolve. 25 00:01:07.800 --> 00:01:11.010 The question in Europe is accelerate the permitting, 26 00:01:11.010 --> 00:01:14.490 authorizing projects, authorizing production 27 00:01:14.490 --> 00:01:16.594 of green electricity. 28 00:01:16.594 --> 00:01:21.060 When you hit the wall of the energy crisis in Europe today, 29 00:01:21.060 --> 00:01:22.680 they understand that they have to accelerate. 30 00:01:22.680 --> 00:01:24.870 But as an industry, that's something we're saying 31 00:01:24.870 --> 00:01:27.186 since probably 15 years. 32 00:01:27.186 --> 00:01:30.707 To work in sustainable development globally 33 00:01:30.707 --> 00:01:35.507 and do my part with our team, give me some purpose. 34 00:01:35.507 --> 00:01:39.780 Like any parent, I want to contribute to try 35 00:01:39.780 --> 00:01:42.180 to let a place to live to my kids, 36 00:01:42.180 --> 00:01:45.000 which is acceptable and more than acceptable. 37 00:01:45.000 --> 00:01:49.613 So it's important to keep this planet viable. 38 00:01:49.613 --> 00:01:51.543 There is just one place to live.