Finance committee  Quickly, I agree with the other panellists. Part of that discussion is clarity around the rules: make sure it's as clear as possible so that people can understand. That helps them to make informed decisions. If we can make our rules and regulations with a sense of purpose, a sen

Finance committee  It doesn't go anywhere, sir.

Finance committee  It's very critical to make timely decisions and understand what the impacts are.

Finance committee  As I said earlier, I think it's one of the best, if not the best, in the world. However, the other thing I'd like to throw out about our regulatory system is that it doesn't mean it can't get better. That's what this is all about. That's what regulatory reform is all about.

Finance committee  Let me say in general that all pipelines have the benefit of better technology today, and of more highly skilled individuals. As a matter of public safety, we move 99.96% of that product every day safely to where it needs to go. That will continue, and I think we can improve it w

Finance committee  I don't have the exact figures, but I could give it in picture form to you. If the pipelines were to shut down today, how would you heat your homes, turn on your lights, move your vehicles? That would be the key answer, I think.

Finance committee  That's correct.

Finance committee  Absolutely.

Finance committee  Absolutely. It's especially on the oil side. The challenge is that the market's changing as well, in terms of where we're moving it and those types of things. We live in a worldwide marketplace. It's not only North America. That's why you're seeing a lot of debate and discussion

Finance committee  It depends what you compare it with, but your figures wouldn't be that far off.

Finance committee  I would answer a slightly different way. The energy resource sector of Canada has been one of the main pillars of how we are maintaining our infrastructure and our society.

Finance committee  I think you can see the value to the Canadian economy of the energy sector as it stands in Canada. I think it's one of the biggest reasons we've been able to build the infrastructure that exists in Canada today and what will help us to the future.

Finance committee  I don't see any disease in the oil sands. In terms of energy production in general in Canada, one of the things that I have the strongest faith in—and again it goes back to an earlier comment I made—is that the regulatory system that's been set up in this country is one of the

Finance committee  That's a very large question—

Finance committee  I'll try to do it really quickly. The key thing, I would say, is to concentrate on this regulatory reform. The idea of being more effective and more efficient isn't because it was broken; we actually have one of the best systems in the word today. However, to really move forwar