Natural Resources committee  Sure. It would be the extent to which that cost per barrel might impact a company's ability to produce and move things. We don't believe it's an extended period of time. Obviously, at a total of 1.3 billion barrels a year, you can imagine several cents on a barrel over a period o

Natural Resources committee  Thank you for the question. Generally speaking, the National Energy Board carries out inspections and verifications based on the activities of companies, their history, the risks involved, the questions that remain unanswered, as well as certain incidents or activities of the co

Natural Resources committee  First, thanks for the question. It's a helpful one. The oil and gas industry is a long-term industry. Certainly it moves with ups and downs like many industries, but most of the natural resource industries have booms and bottoms, and they move around in different aspects. When

Natural Resources committee  Sort of.

Natural Resources committee  Sure. The bill provides first-hand a provision that the National Energy Board could take control of an incident response and compensation of damages to any harmed parties. That provision doesn't exist in the National Energy Board Act today, and it would propose that it would be

Natural Resources committee  Thank you for the question. Perhaps I could answer, but I would like to make a clarification first in connection with your question. Perhaps it should be addressed to my colleagues from the National Energy Board, because they are responsible for anything involving verification.

Natural Resources committee  I don't know if I understand your question exactly. What do you mean by the word “crossover”?

Natural Resources committee  Yes, perhaps, because I do not exactly know the answer. Absolute responsibility is mentioned in the bill, but I don't know what the context is exactly regarding crossovers. This may be the starting point for a company which is responsible for a pipeline or a refinery or another

Natural Resources committee  Thank you for your question. I would like to take a few minutes to look at the context of the question you have asked.

Natural Resources committee  You referred to clause 5?

Natural Resources committee  In this particular circumstance it falls into a mix of things. My colleague from Justice might contribute to my answer more fully from a legal perspective. From a practical perspective, it depends on the nature of what issue might come about. If a company were bankrupt and no l

Natural Resources committee  That's a great question. I appreciate the question. We did a fair bit of analysis and certainly looked at a whole bunch of factors when establishing the proposed limits that are included in the bill. We took into account an analysis of the historic incidents and the number of i

Natural Resources committee  Thank you for the question. Currently, under the National Energy Board Act, a pipeline certificate holder can apply to abandon a pipeline and the board will hold a hearing process and determine whether or not a pipeline may be abandoned and will issue a certificate for abandonme

Natural Resources committee  Thank you very much, Chair. Thank you, committee members, for the opportunity to come to speak to you about this particular piece of legislation which is in the House and which I think has received a fair degree of good debate and discussion. We welcome the chance to hopefully

Natural Resources committee  Maybe we could aid the committee or at least try to fix what we started. This is on page 156. It turns out that page 157 has a paragraph with almost the same language, so I think we were on different....