Natural Resources committee  I think that would be a good idea. That's where we fall down, commercializing. One thing I should mention—and I think it's a good thing—is that in Alberta, once you have qualified for your SR and ED credits, particularly for companies like ours that don't have revenue yet, the A

Natural Resources committee  Yes, we look at all the programs. We have people and lawyers who advise us on what we should be applying for. Sometimes you're successful, sometimes you're not. Our first program was in Alberta; it was an energy innovation fund whereby we got $3.5 million when we were at the R

Natural Resources committee  That's interesting. No, I haven't seen those statistics. I'd like to see them.

Natural Resources committee  I can't speak to $1.3 billion. I would just love to have a small piece of that, quite frankly. Some of those things are not economic. Carbon capture and storage is a vision that is going to take decades. No one yet knows how it's going to make money. That's a whole different si

Natural Resources committee  Yes. Thank you very much, and I'll do it quickly. In our case, it was putting together a team of people with the right backgrounds and expertise to tackle the oil sands industry. We attracted those people from, in our case, Syncrude Research and organizations such as that, folk

Natural Resources committee  Okay. It's a very good question. I get the same reaction: “Scott, if it makes money, why does government need to become involved?” It's because it's new, because there's risk. Everyone is a stakeholder and everyone is going to benefit, so they should have some skin in the game.

Natural Resources committee  Yes. They're just a little distracted right now. Our job here was to communicate this to, we felt, everyone in Canada. We had our head down for about seven years; we put it up when we were very confident that we had a solution, and everyone we work with is confident that we have

Natural Resources committee  The wall is the oil sands industry—the operators. We've been very successful in raising financing for this project publicly. We're a public company. We raised more than $50 million, which is a lot of money in the research world when you don't have any revenues and it's high-risk

Natural Resources committee  I could observe that not a lot happened with oil sands tailings at the pace it is now occurring until directive 074 came out a few years ago. Now, literally hundreds of millions of dollars are being spent.

Natural Resources committee  We'd rather not do it that way. This took years to develop. We see a win-win-win situation here for ourselves, the oil sands industry, and the public. We'd like to see it move ahead more rapidly than that.

Natural Resources committee  This has to be made a priority in the discussions that occur between Alberta, the Canadian government, and the oil sands industry. We'd certainly be happy to be a part of them.

Natural Resources committee  The short answer is yes. It improves the social licence to operate. It shows that we're getting every drop of oil and every bit of value that we can out of the resource before we produce more of it, and that we're reducing the environmental impact. Some of the barriers to our oil

Natural Resources committee  Yes, thank you very much. It's a very good question. At any large mature site like Syncrude or Suncor, the facilities we would need to put in place, given the volumes of tailings we would handle, cost in the range of $400 million, which you then divide. This sounds like a big nu

Natural Resources committee  Thank you. We feel the technology is ready to commercialize. The industry is very much aware of it. They have participated in its demonstration. They have all the results. They haven't said no. They're just moving very slowly, coping with all the other issues that you've heard

Natural Resources committee  First of all, thank you, Mr. Chairman and committee members, for the opportunity to appear today to describe a “made in Canada” solution to one area of oil sands tailings. Our technology will dramatically reduce emissions and recover bitumen, solvents, and valuable minerals curre