Thank you, Mr. Chair.
Thank you to the witnesses for coming.
Just taking a look at the actual order from 2006, it says pretty clearly that the commission, “when relying on regulation, use measures that are efficient and proportionate to their purpose and that interfere with the operation of competitive market forces to the minimum extent necessary to meet the policy objectives”.
It goes on to say that the commission, when relying on regulations, should use measures that satisfy the following criteria, namely that if they are of an economic nature, they neither deter economically efficient competitive entry into the market nor promote economically inefficient entry.
There's a lot of talk in there about competition. That's what this is all about today.
As we go through this process, in the end we're going to have to come up with a report and ideas. I want to focus this last round of questions on ideas moving forward.
In your view, as we look to increase competition, increase innovation, and bring prices down for Canadian consumers, what do you suggest? There's a lot of talk about the problems with the decision. What are your suggestions?
I'll start with the bigger organizations. Maybe I'll start with Kate and then go to CNOC.