Natural Resources committee  Would you like to have an answer?

Natural Resources committee  I heard two questions there. The first was in terms of keeping this for future generations. It is not only for future generations, but it's a general rule that if you think you can get much more later, why would you sell it at a loss? I don't really understand this. Actually, i

Natural Resources committee  Actually, first, Quebec does not need it. Quebec has all the power that is needed. The price is low and the risks are high. The benefits for Quebec in terms of just money are very little, and practically none if you take everything in consideration. It's only a small fraction of

Natural Resources committee  Yes--

Natural Resources committee  Your second question was that we have not mentioned also the benefits. This was your question, yes? But I just answered the question of what the Quebec community would get: very little. At $6 per thousand cubic feet, they will get maybe $200 million per year. But if you subtrac

Natural Resources committee  I would however like to stress something important that is not talked about enough in the industry. At the moment, there is no economic reason to exploit shale gas, because we are going to be exploiting it at a loss. It will be exploited when there are enormous government subsid

Natural Resources committee  Good afternoon, Mr. Chair. I will begin with the economic impact, which is always presented as being the most essential, when in fact, it is not. In order for the industry to make money on this, the selling price must be $6 per 1,000 cubic feet. It is currently at $4 per cubic