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Natural Resources committee  I don't know whether any of my colleagues would know that date. The transaction was negotiated by AECL, on the condition that it could be transferred over to Candu Energy.

December 4th, 2012Committee meeting

Serge Dupont

Natural Resources committee  I would like to confirm with you in writing, but if memory serves, it was in the range of $450 million.

December 4th, 2012Committee meeting

Serge Dupont

Natural Resources committee  No, that's okay. Number one, you said hundreds of millions of dollars of assets. I did not say that; you said that. I will have to come back to you on the assets. On the contract, the $400-some million—$440 million, as I recall—is essentially a revenue stream that has to be ma

December 4th, 2012Committee meeting

Serge Dupont

Natural Resources committee  The actual sale amount was $15 million, Mr. Chair—

December 4th, 2012Committee meeting

Serge Dupont

Natural Resources committee  The value of the assets—I mean, the books of AECL at the time—I don't have those numbers in front of me. It would have been very difficult to ascribe a value to the assets. The books at the time actually had AECL in a deficit position, given overall the kinds of liabilities that

December 4th, 2012Committee meeting

Serge Dupont

Natural Resources committee  I don't have the figure with me.

December 4th, 2012Committee meeting

Serge Dupont

Natural Resources committee  For AECL, the crown corporation that remains, no, it has not, because it has basically gotten out of the business of pursuing commercial sales of reactors. Candu Energy is now working on a new contract in Argentina, which is a refurbishment of the reactor in Argentina.

December 4th, 2012Committee meeting

Serge Dupont

December 4th, 2012Committee meeting

Serge Dupont

Natural Resources committee  Mr. Chair, we are expecting to announce the name of the recipients of the contributions in January. That is when we will have tied down the negotiation of the contribution agreements. I think it's fair to expect that we will again be encouraging research into two competing techno

December 4th, 2012Committee meeting

Serge Dupont

Natural Resources committee  In the first instance, some of the money was going to some of the research infrastructure, to pay for the cyclotron and the accelerators, but basically there has been very little overhead money here. The money has been largely allocated to the partners. Each of the proposals has

December 4th, 2012Committee meeting

Serge Dupont

Natural Resources committee  The U.S. has been putting some significant resources into this, greater amounts than we have, but I'm not sure they have had the kind of successes that we have had to date in terms of bringing together different partners from the medical research community, from industry, from re

December 4th, 2012Committee meeting

Serge Dupont

Natural Resources committee  As members will appreciate, earth observation essentially is a growing field that can serve a range of public policy purposes and, indeed, a range of private sector purposes as well. It is important in that context both to have the devices in space to signal back to the earth and

December 4th, 2012Committee meeting

Serge Dupont

Natural Resources committee  Essentially, the funding is there to allow the nuclear laboratories to conduct their work, in terms of the production of medical isotopes, the management of the site at Chalk River, and the conduct of research that is taking place at that site. This is largely in line with the re

December 4th, 2012Committee meeting

Serge Dupont

Natural Resources committee  I will do that gladly. You may recall in budget 2010 the government provided an investment of $35 million over two years to try to develop non-reactor-based sources of medical isotopes for Canadians. That funding supported four projects: two cyclotron and two linear accelerator

December 4th, 2012Committee meeting

Serge Dupont

Natural Resources committee  Chairman, members of the committee, I welcome your invitation to present Supplementary Estimates (B) for 2012-13 for Natural Resources Canada. I will keep my remarks brief and would be pleased to respond to any questions that you may have. As members are aware, Natural Resources

December 4th, 2012Committee meeting

Serge Dupont