Natural Resources committee  That's right.

Natural Resources committee  Thank you. In answering that question, I think it's very important to point out that the tidal and river business is where wind was in its first year, so we're really talking right now about a pre-commercial industry. We certainly have some initial prices, but those aren't the o

Natural Resources committee  I think I've covered the gamut. I think it requires funding support but also policy support and a really positive and concrete structure around how this resource will be exploited in the future.

Natural Resources committee  Absolutely.

Natural Resources committee  I was specifically referring to involvement by both provincial governments and utilities. There are obviously some large utilities involved that are exploring other alternatives in energy generation. I would say it is less the case in our business on the municipal level, although

Natural Resources committee  In terms of our industry, we're certainly not saying that there aren't concerns meriting further study. Our point on the environmental front was that we need to coordinate various levels of environmental review and make it a streamlined process. I can tell you that in terms of

Natural Resources committee  In terms of project funding, because this is going to be and still is relatively unproven technology, there is a certain discomfort among investors who have a range of options in front of them in terms of the energy projects they can invest in. One of the keys to creating a via

Natural Resources committee  Sure. Again, one of the recommendations is.... I know there was a feed-in tariff introduced with wind through the WPPI initiative. I don't have the full name in front of me right now. That was an example of a mechanism that probably spurred on a great deal of project development

Natural Resources committee  I've already mentioned tax credits. We have a situation in which effectively we need a fairly significant source of funds for our projects. Where do those funds come from? For us, they come from our investors. The way we get investors is to demonstrate that this is an industry th

Natural Resources committee  The very first step that needs to be taken is to delineate the resources across this country and to identify, in terms of tidal energy and also river hot spots, areas that have good flow regimes and decent access to the grid for the example. If there's no decent access to the gri

Natural Resources committee  I can qualify it by our own experience, which is that it involves a very critical mix of R and D tax credits, because in our business with our long development timelines, we spend a lot of money on labour and on capital costs because we're building demonstrators, we're using test

Natural Resources committee  I'll answer that question by saying that we're at a stage, in terms of tidal energy particularly, where we need to cross what is essentially a difficult gulf—namely, from a pre-commercial stage to maturing the industry as a real and viable generator of power, a real player in the

Natural Resources committee  As I said, we developed turbines for the generation of electricity through water currents, so we currently have two product lines. One is for river currents, so it's a smaller turbine that will sit on the riverbed and generate electricity through the current. The second product l

Natural Resources committee  Thank you for the opportunity to provide input on this question. By way of a brief introduction to our company, Clean Current is a technology developer of river and tidal turbines that generate renewable electricity through water currents. We have been around since 2001, and I