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Natural Resources committee Thank you, Mr. Chairman. Let me extend my sympathies and condolences as well in respect to Mr. Brown. I grew up in Leeds-Grenville, so had a chance to meet Mr. Brown, and I know the riding well. The riding loses a great representative. Thank you for the opportunity to appear be
May 3rd, 2018Committee meeting
Timothy Egan
Natural Resources committee Thank you, Mr. Chairman. Mr. Chairman, and members of the committee, I'd be happy to come forward on another occasion also should that be preferable for the sake of oral testimony and questions. Thank you for the opportunity to provide remarks today related to your study on the
May 4th, 2016Committee meeting
Timothy Egan
Finance committee That's exactly right. In the first instance, it's fairness, as my colleague indicated, with other fuel manufacturing sectors within the country. But ultimately, then, it's a competitive issue. I mean, what is happening on the back of affordable natural gas in the United States?
October 29th, 2014Committee meeting
Timothy Egan
Finance committee Yes. It puts money in the hands of the residential consumers, it frees up capital for commercial operations to increase employment, and it attracts investment when industry is looking at where to place its next plant. We're going to place our next plant where input costs are lowe
October 29th, 2014Committee meeting
Timothy Egan
Finance committee But that's an investment that won't otherwise occur.
October 29th, 2014Committee meeting
Timothy Egan
Finance committee It's the reason you do it. So a $42-million tax, in our estimate, for our projects would generate a billion dollars in revenue—
October 29th, 2014Committee meeting
Timothy Egan
Finance committee —which would generate HST revenue amongst other sources of revenue which would more than offset, which is where we come, I'm assuming, in the numbers on the upstream side as well.
October 29th, 2014Committee meeting
Timothy Egan
Finance committee I guess the question is, are they budget asks or not? Certainly, on ACCA, we have a specific ask. It's very specific. In terms of the reallocation of infrastructure money, that's not a new money ask, that's a reallocation ask. We do have a specific ask around transportation that
October 29th, 2014Committee meeting
Timothy Egan
Finance committee I work for the gas industry. We're interested in selling natural gas. We're interested in maintaining a relationship with our customers that includes using that gas as efficiently and effectively as possible. That means we're looking at all kinds of new technology applications fo
October 29th, 2014Committee meeting
Timothy Egan
Finance committee You're obviously having to balance a variety of public policy objectives when you're looking at the allocation of infrastructure money. One of those objectives is the return to the taxpayer. In the case of communities where it is currently not economic under the economic formula
October 29th, 2014Committee meeting
Timothy Egan
Finance committee I wanted to respond to that because our numbers are different, but the formula would apply. We were looking at the differential for the investment for small LNG facilities. The tax loss is in the order....You're right, you are forgoing charging a tax to a potential taxpayer.
October 29th, 2014Committee meeting
Timothy Egan
Finance committee Just to add, I'd say that in principle we do agree that the labour issues are not the same in the downstream side of the oil and gas sector as they are in the upstream side. We are not a significant employer in our own right. The economic benefit we deliver on employment is thr
October 29th, 2014Committee meeting
Timothy Egan
Finance committee Again our focus is on smaller LNG facilities, those that would be operated by utilities similar to the peak shaving plants that are in operation today. I can leave it to my colleague from CAPP to talk about their facilities. Our proposal is to change the rate to make it consiste
October 29th, 2014Committee meeting
Timothy Egan
Finance committee You do it carefully, and it can be done. In the case of Nova Scotia, Heritage Gas is doing it. They have a franchise agreement in place in the province and they're working on that right now. There are all kinds of specific examples whereby, in the case that the economic formu
October 29th, 2014Committee meeting
Timothy Egan
Finance committee Red Lake mayor Phil Vinet said in 2012, “Thanks to FedNor's support, this project is a win-win situation. We're seeing cost savings for local businesses, new jobs being created, plus new opportunities for businesses throughout the region.” The mayor also noted that natural gas
October 29th, 2014Committee meeting
Timothy Egan