Thank you, Chair.
I thank the witnesses for being here today.
Mr. Giroux, I enjoy spending time with you. We did a lot of work on the “marriage after 60” report, so I have a great amount of respect for your work and that of your team.
However, I am a little disappointed with this report. It obscures for me a lot more than it actually reveals, and it muddies the water of an already difficult issue.
My question is about why you changed the fundamental methodology from a net present value to a present value. By removing the net and focusing on only the present value, you consider only revenues moving forward. Canadians really want answers for how they'll be paid back for the immense taxpayer load sunk into this project. It feels like you erased the cost of the purchase in building the pipeline.
Are you assuming that Minister Freeland will simply erase the debt load?