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Environment committee  We reference in the framework document a study done by the World Resources Institute that talks about what's important in achieving reductions is the stringency of the target. Our estimates are that if you were to compare our target for greenhouse gases that we're imposing on our

May 16th, 2007Committee meeting

Mike Beale

Environment committee  The targets that are in the plan are fixed for GHGs, and they will be written into the regulations, for existing facilities. They are not dependent on external factors. The targets for new facilities embody a component of cleaner fuel standards. We will be consulting, sector by

May 16th, 2007Committee meeting

Mike Beale

Environment committee  No, because—

May 16th, 2007Committee meeting

Mike Beale

Environment committee  Again with respect, the targets are as I and Madam Cléroux set them out earlier. The targets are not dependent on the design of the offset system. The offset system is one of the compliance mechanisms that's available to industry in order to meet its target.

May 16th, 2007Committee meeting

Mike Beale

Environment committee  The emission projections for the oil sands sector are 64 megatonnes in 2010, 80 megatonnes in 2015, and 93 megatonnes in 2020. Those are business-as-usual emission projections from Natural Resources Canada.

May 16th, 2007Committee meeting

Mike Beale

Environment committee  The projections we used from Natural Resources Canada are the source of the emission reductions in the table of the estimates we showed you. They result from applying the target in our plan to those projections. In absolute terms we estimate that from the oil sands sector there w

May 16th, 2007Committee meeting

Mike Beale

Environment committee  We would reduce them from the level at which they would otherwise be. This is the concept of the business-as-usual projection.

May 16th, 2007Committee meeting

Mike Beale

Environment committee  No, that's not correct.

May 16th, 2007Committee meeting

Mike Beale

Environment committee  That's right. I believe I clarified earlier that the 49 megatonnes is the target reduction and that there are a number of compliance mechanisms available to meet that.

May 16th, 2007Committee meeting

Mike Beale

Environment committee  The amount of actual megatonne reductions that would result from the plan depends on decisions by individual firms as to how much they invest in their own operations versus how much they invest in the technology fund versus how much they use credit for the action credits. At this

May 16th, 2007Committee meeting

Mike Beale

Environment committee  As you know, the way we have the framework, the target is increasing every year and the access to the technology fund is declining every year. So the wedge that is met by absolute reductions has to increase year by year.

May 16th, 2007Committee meeting

Mike Beale

Environment committee  Just to clarify, the projections we use to calculate those megatonne reductions are the Natural Resources Canada projections.

May 16th, 2007Committee meeting

Mike Beale

Environment committee  Different countries use different approaches. For example, in the European Union, when they're regulating their industrial sectors and allocating allowances for those sectors, they set those targets for 2010—for the Kyoto period now it's 2008 to 2012. As far as I'm aware, they're

May 16th, 2007Committee meeting

Mike Beale

Environment committee  I'm not aware of one either.

May 16th, 2007Committee meeting

Mike Beale

Environment committee  There is a history, in the area of air pollution, of using—

May 16th, 2007Committee meeting

Mike Beale