Bill C-30 (39th Parliament, 1st Session) committee  The dilemma we have as a company is that the CDM is an important instrument, and we see it as a part of the tool box, but it's actually an easy way to go forward, as opposed to doing the heavy lifting required to develop the new technologies we've been chatting about today. It's

Bill C-30 (39th Parliament, 1st Session) committee  Yes.

Bill C-30 (39th Parliament, 1st Session) committee  Yes.

Bill C-30 (39th Parliament, 1st Session) committee  In the ballpark of $20 to $30 a barrel.

Bill C-30 (39th Parliament, 1st Session) committee  It's $2 or $3.

Bill C-30 (39th Parliament, 1st Session) committee  Yes.

Bill C-30 (39th Parliament, 1st Session) committee  No, I'd say offhand that it's on the right track in terms of imposing regulated performance obligations on companies that would get us bending the curve toward a stabilization kind of goal in the mid-time period. But I'd say in parallel with that regulated efficiency target wou

Bill C-30 (39th Parliament, 1st Session) committee  I don't have that figure in front of me.

Bill C-30 (39th Parliament, 1st Session) committee  Yes, it's certainly in the tens of billions of dollars. I think it's important, though, to reflect on this. What's driving that growth? It's the demand for transportation fuel for planes, trains, and automobiles. There are currently no substitutes for hydro-based transportation

Bill C-30 (39th Parliament, 1st Session) committee  The polluter-pays principle is a very good discussion to have. I think it's important to define how to draw that circle. If we draw that circle solely on the production side of the equation and ignore the demand side of the equation in terms of who the polluters are, we're never

Bill C-30 (39th Parliament, 1st Session) committee  Quite frankly, we try to focus on what we have control over, which is our pursuit of technology, renewable energy, and biofuels, helping to create the energy future that we think is going to be required. Yes, we pay attention to the Kyoto Protocol and the mechanisms. But given

Bill C-30 (39th Parliament, 1st Session) committee  First of all, we report publicly on our greenhouse gas emissions on an annual basis, and have for many years, for more than a decade. Most recently, we just issued our 15th annual greenhouse gas report, so we're not hiding anything from anyone. Anyone can go and find out what we'

Bill C-30 (39th Parliament, 1st Session) committee  First of all, I think that question was a good illustration of what I was highlighting in my presentation, the difference between a negative orientation versus a positive one. We think new technologies like CO2 capture are where the real reductions are going to occur long term.

Bill C-30 (39th Parliament, 1st Session) committee  I couldn't pin that down to an exact year. Some of this is based on what pace is innovation and technology deployment going to occur at during this timeframe. I can tell you that the pace of innovation is going to, quite simply, increase dramatically for many reasons. But reduci

Bill C-30 (39th Parliament, 1st Session) committee  It's not a matter of simply financial capacity. When you look at our plant operations, we have different vintages of facilities that we operate. Those facilities that have been built in the past quite simply aren't as efficient as the new facilities that are being brought on. We