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Finance committee  I thank you for the question. It certainly is a challenge, and I think as Enbridge, with assets in various parts of North America, we are challenged to find ways to make those investments and drive innovation. You look at Saskatchewan today, and they are using waste heat off gas compressor pipelines to make electricity.

October 29th, 2009Committee meeting

David Teichroeb

Finance committee  I would see it as time limited. I would say that it takes time for industry to embrace this, so probably even in a five-year window you wouldn't see yourself drawn into a huge amount of stimulus. It would get the industry started. It would grow, and you could look to other technologies then to continue that sort of tax stimulus.

October 29th, 2009Committee meeting

David Teichroeb

Finance committee  Certainly the presentation I spoke of was our fuel cells, but on the same alternative energy theme, the carbon capture and storage is something that is emerging. I would not put it as mainstream technology. There will be significant risks to overcome, and the early adopters of that technology are going to have to be encouraged to invest that capital in such a way that this technology evolves to become mainstream.

October 29th, 2009Committee meeting

David Teichroeb

Finance committee  Enbridge would look at two opportunities around carbon capture and storage. One opportunity would be the mainline transportation of purified carbon dioxide through pipelines to a storage area, and a lot of them are saline aquifers that would be in and around some of the basins in Alberta and Saskatchewan.

October 29th, 2009Committee meeting

David Teichroeb

Finance committee  We would transport it and in our case it would not be for any type of enhanced oil recovery, to the best of my knowledge.

October 29th, 2009Committee meeting

David Teichroeb

Finance committee  Thank you for the opportunity to present a proposal we believe will drive clean tech investment in Canada. If nothing else, I'd like to leave you with an example of how Canadian innovation can take root in our domestic markets, deliver environmental benefits, and create jobs to serve local energy needs and create export opportunities.

October 29th, 2009Committee meeting

David Teichroeb