Natural Resources committee  That's absolutely correct.

Natural Resources committee  We commenced discussions with the federal government a couple of years ago, with Minister Prentice, on what we call a fiscal framework. Just about one year ago, Minister Prentice put those discussions on hold and told us to come back for serious discussions once we got our certif

Natural Resources committee  We intend to re-engage with the federal government. It has now been announced that INAC will be the responsible ministry. We intend to re-engage once we get the certificate or the order in council. We'll be picking up where we left off a year ago, and it'll be some form of guaran

Natural Resources committee  Yes. We're not looking for that at all. What we're looking for is a loan guarantee or equivalent, something along those lines, that simply stands behind the commercial loans.

Natural Resources committee  It's all conventional.

Natural Resources committee  Not really, because the large decline rates, as you can see on the chart, are 20% per year. The conventional resources in the south are mature and are declining. Shale gas, as you can again see from the chart, is filling some of that gap, but overall, production is still declinin

Natural Resources committee  There's currently a proposal to construct a pipeline from the Spectra system in British Columbia over to Kitimat, convert the natural gas to LNG, and export it to the Asian market. To get northern gas into that system, our system interconnects with TransCanada. TransCanada actu

Natural Resources committee  Yes, and there is a proposal to do that at this time.

Natural Resources committee  We're not targeting the Asian market at this point. I really can't comment on the aboriginal situation in southern Canada. As I said earlier, it's important to note that it was our aboriginal regions that came together and established a priority for themselves to participate in

Natural Resources committee  The current unemployment rate in the Northwest Territories is very high. It's a real concern. In the Mackenzie Valley itself there is simply no economic base.

Natural Resources committee  I don't have a number with me, sorry. The pipeline will obviously significantly help the employment situation in the Northwest Territories. At the peak of construction there will be 7,000 jobs. There is $1 billion in what is called “set-aside” work that's been negotiated under t

Natural Resources committee  I agree 100% that we need an energy strategy for Canada—absolutely.

Natural Resources committee  We haven't looked specifically at using waste heat to generate electricity. I'm aware that has been done on the TransCanada Pipeline system. It could be looked at in this case as well. The plan at the moment is to utilize the natural gas from the pipeline to replace diesel in the

Natural Resources committee  In hindsight, there's no question that Justice Berger was correct in deferring this project back then. The aboriginal communities were simply not in a position at that time to take advantage of the huge benefits that could accrue to them. The big difference was the land claim set

Natural Resources committee  Absolutely fundamental to the whole process is the settlement of the land claims. That was the key that unlocked the Mackenzie Valley and turned the aboriginal groups around from absolute opposition back in the 1970s to being partners in the project today. It really introduced th