Finance committee  Thank you. My name is Brenda Kenny. I'm the president of the Canadian Energy Pipeline Association, and I very much appreciate the opportunity to present to the committee today. You have a more detailed brief from us, but I will look forward to answering any of your questions fol

Finance committee  I think that's an interesting question in terms of the Alaska and Mackenzie projects in particular. Directionally, one of the fundamental roles for government is to make sure that the decision-making can be taken in a way that is complete and does protect the environment, but tha

Finance committee  Thank you. First, with regard to the layering on, right now in Canada we have multiple pieces of legislation that often grind against each other rather than work well together to get to the end result of environmental protection and efficiency. Specifically with the major projec

Finance committee  I think right now we often see major projects taking more than four years. The goal when MPMO was launched was to bring that down to two. We've yet to see that.

Finance committee  Yes, and thank you for raising that. A qualified environmental trust is currently allowed for the mining industry. It's an opportunity for an incentive to move forward on setting aside moneys for future reclamation. We believe now is a very good time on the pipeline sector to a

Finance committee  Thank you. I appreciate the opportunity to present to the committee this morning. It's a pleasure to appear before you and provide some of the views of the Canadian Energy Pipeline Association. My name is Brenda Kenny. I am president and CEO of that organization. I'll begin wit

Finance committee  The main premise for the qualified environmental trust that currently exists just for mining is a look at long-term industries where you want to ensure that there's a stable funding mechanism in place and that there is encouragement--like the RRSP--to ensure that the savings accr

Finance committee  Currently no separate fund exists. It's about to be commenced.

Finance committee  We'll certainly do our part in it. What we're asking for is that changes to the Income Tax Act be equivalent to the mining industry and simply say that the federal government supports a tax-efficient accrual of those funds, so that as you set them aside in those savings, they're

Finance committee  It's a payment in the future. You want to make sure you have.... This is how it would work, just as any other--

Finance committee  Great. The retirement savings plans or pension plans are kind of similar entities for which you're saying you want to make sure that the right responsibility is fully covered at the time it is necessary. Realistically, in this industry we are talking about something that is five,

Finance committee  No, I'm sorry. I'm an engineer, so I probably misused that term. My apologies.

Finance committee  All right, you can correct me on that. My apologies if I used the wrong term, but the QET function means that within the funds that are already set aside in savings, there is a tax advantage that rolls forward over many decades, so at the end of the reclamation period you have a

Natural Resources committee  Thank you.

Natural Resources committee  Thank you very much.