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Natural Resources committee  Okay. Well, reaching tidewater, whether on the west coast or in the St. Lawrence Seaway, would improve the ability of producers to get higher returns for the crude oil products. That would improve our trade numbers; and certainly the trade numbers change, depending on the nature

April 18th, 2013Committee meeting

Jeff Labonté

Natural Resources committee  I can't, but my colleague from DFAIT could.

April 18th, 2013Committee meeting

Jeff Labonté

Natural Resources committee  Okay, I'll try to take that one on. I'm not sure about the House of Commons debates about.... But certainly, Canada's approach has been market-based. Typically, we have to respect the constitutional arrangements in Canada in which the provinces are the primary regulators of oil

April 18th, 2013Committee meeting

Jeff Labonté

Natural Resources committee  That's a good question. Actually, today Canada exports more from its refineries than it consumes, so we are already net exporters. A little over 400,000 barrels a day of exported product leaves Canada and goes to, predominantly, the United States in gasoline and diesel. Much of t

April 18th, 2013Committee meeting

Jeff Labonté

Natural Resources committee  It's megatonnes.

April 18th, 2013Committee meeting

Jeff Labonté

Natural Resources committee  Those are good questions. You've rhymed off all of the competitors to Canada: Qatar, Australia, Russia. The United States is a competitor as well. All of those countries, with the exception of Canada and the United States, are already LNG-producing countries and sell into the Asi

April 18th, 2013Committee meeting

Jeff Labonté

Natural Resources committee  If I could rely on the IEA as an example, that might help answer the question. The IEA's projection for North America, where we have about 24 projects on the plate, is that I think three or four will be built. If those three are in the United States—that fact I can come back to

April 18th, 2013Committee meeting

Jeff Labonté

Natural Resources committee  There is a strong timeliness component. There are two components to this that I think are pretty obvious. One is that many of the relationships between producers of LNG and buyers are long term. Typically people are trying to sign 10- or 20-year contracts. So if you're locked int

April 18th, 2013Committee meeting

Jeff Labonté

Natural Resources committee  That is a very good question. The report from the International Energy Agency was what I referenced. It made a fair bit of headlines in the fall of 2012 when it suggested that the U.S. would be energy self-sufficient by I think 2035. Its projection was based on an overall sys

April 18th, 2013Committee meeting

Jeff Labonté

Natural Resources committee  It is. They tend to do it on a scenario basis, so they have different scenarios to allow for an understanding. That's why I referenced, in this most optimistic scenario, that hydrocarbons will remain at 47% of the energy mix. Other scenarios, which suggest that renewables and re

April 18th, 2013Committee meeting

Jeff Labonté

Natural Resources committee  That is an existing pipeline, the Portland-Montreal pipeline, that serves the Suncor refinery in Montreal. It is in use today and has been, I think, since the 1940s. I think at their last look, about 130,000 barrels a day arrives in Portland from foreign sources and is piped to M

April 18th, 2013Committee meeting

Jeff Labonté

Natural Resources committee  Did you mean energy products or value-added products?

April 18th, 2013Committee meeting

Jeff Labonté

Natural Resources committee  I can answer part of the question, and then I'll close and ask my foreign affairs colleague to join us. NRCan doesn't have any trade-promotion activities. Those activities predominantly fall within foreign affairs and the mission network and the embassies we have. That said, the

April 18th, 2013Committee meeting

Jeff Labonté

Natural Resources committee  How does it break down? Sorry, by...?

April 18th, 2013Committee meeting

Jeff Labonté

Natural Resources committee  If you can hang on a second, I'll just reference.... We are probably going to have to get back to you on the specific details of how it breaks down by gas product versus crude oil versus all the elements, but a fairly hefty portion of it is crude oil exports, it being the largest

April 18th, 2013Committee meeting

Jeff Labonté