Natural Resources committee  I would agree with Mr. Caron's characterization. In our case, Imperial Oil, on behalf of the pipeline owners, negotiated access and benefits agreements with each of the aboriginal groups. Three of the four are completed. The fourth is still outstanding.

Natural Resources committee  Yes, that's correct.

Natural Resources committee  Thank you. That's an excellent question, and I'm going to break it in two. We have a hat to wear as an owner, and then, quite separate from that, there were access and benefit agreements negotiated with each aboriginal group along the route. So with respect to our owner's hat,

Natural Resources committee  Yes.

Natural Resources committee  First of all, at today's gas prices, Mackenzie is simply not economic—there's no question about that. Today's gas prices are simply not sustainable. They're barely covering operating costs, let alone the full cycle of development costs of natural gas. We've obtained an independe

Natural Resources committee  Personally, I support a national energy strategy. It would establish for Canada a strategy--I hate to use the word “policy”--for energy utilization that would take into account both economics and the environment and would strike a balance for Canadians as a whole.

Natural Resources committee  Not directly.

Natural Resources committee  Yes, it hasn't been the subject of any questioning in our particular case.

Natural Resources committee  It was definitely a little bit too slow.

Natural Resources committee  In our case, I can say the NEB got the job done in the case of Mackenzie right on schedule. They started their hearings back in—

Natural Resources committee  The original schedule was perhaps a little optimistic, but the actual schedule was not sustainable.

Natural Resources committee  I was just going to say that the issue in our case was the particular joint review panel that was set up to handle the environmental and socio-economic aspects of the pipeline. The NEB sat adjourned from December 2006 to December 2009 waiting for the joint review panel to complet

Natural Resources committee  Thank you, Mr. Chairman. Good morning, ladies and gentlemen. I want to thank you for the opportunity to provide you with an update on the Mackenzie Valley gas pipeline and the important role that the Aboriginal Pipeline Group is playing in the development of this very importan

Natural Resources committee  Yes, I understand. The people in the Northwest Territories share your sense that they have not had their fair share. This would be an opportunity to really develop a project that has benefits not only for the aboriginals in the Northwest Territories but for people widely spread

Natural Resources committee  First of all, some shale gas is economically.... Primarily the shale gas being produced in the U.S. basins, such as the shale gas in Horn River, for example, is going to be relatively costly, and again, all conventional gas is not equal. There are some wells that are more than ec