Bill C-30 (39th Parliament, 1st Session) committee  Thank you, Mr. Chair, and thank you, members of the committee, for this opportunity to present some perspectives of Suncor Energy on the issues of climate change, clean air, and our energy future. I would like to begin by suggesting that we have a need to reframe the dialogue on

Bill C-30 (39th Parliament, 1st Session) committee  As in many forms of analysis, the devil is in the details. I would not be able to respond until I understood more fully the assumptions that were underlying that. I would also premise that by saying access to the Kyoto mechanisms and purchase of international reductions would be

Bill C-30 (39th Parliament, 1st Session) committee  We think you need as many tools in the tool box as possible. In fact, we'll need every tool at some stage of the game. What we believe, first and foremost, is that there is a need to advance new technology opportunities domestically, and it's one of the key reasons that CO2 captu

Bill C-30 (39th Parliament, 1st Session) committee  The lead times are going to be quite significant to put in place the gas-gathering system that's required. We're looking at large-scale collection and gathering systems, and we're also going to need to put in place facilities within our plant operations to treat that CO2 in order

Bill C-30 (39th Parliament, 1st Session) committee  The ideal, in our view, would be a parallel-path approach in which we would do both the CO2 capture infrastructure and the development of the resource.

Bill C-30 (39th Parliament, 1st Session) committee  We're keen on understanding what Shell is planning to do to achieve that target. I know they are spending a lot of effort on meeting that. It will involve significant purchases of reductions internationally. Again, we're not sure exactly what the cost of that could be. Our own pr

Bill C-30 (39th Parliament, 1st Session) committee  I couldn't pin that down to an exact year. Some of this is based on what pace is innovation and technology deployment going to occur at during this timeframe. I can tell you that the pace of innovation is going to, quite simply, increase dramatically for many reasons. But reduci

Bill C-30 (39th Parliament, 1st Session) committee  It's not a matter of simply financial capacity. When you look at our plant operations, we have different vintages of facilities that we operate. Those facilities that have been built in the past quite simply aren't as efficient as the new facilities that are being brought on. We

Bill C-30 (39th Parliament, 1st Session) committee  First of all, we report publicly on our greenhouse gas emissions on an annual basis, and have for many years, for more than a decade. Most recently, we just issued our 15th annual greenhouse gas report, so we're not hiding anything from anyone. Anyone can go and find out what we'

Bill C-30 (39th Parliament, 1st Session) committee  First of all, I think that question was a good illustration of what I was highlighting in my presentation, the difference between a negative orientation versus a positive one. We think new technologies like CO2 capture are where the real reductions are going to occur long term.

Bill C-30 (39th Parliament, 1st Session) committee  Quite frankly, we try to focus on what we have control over, which is our pursuit of technology, renewable energy, and biofuels, helping to create the energy future that we think is going to be required. Yes, we pay attention to the Kyoto Protocol and the mechanisms. But given

Bill C-30 (39th Parliament, 1st Session) committee  I don't have that figure in front of me.

Bill C-30 (39th Parliament, 1st Session) committee  Yes, it's certainly in the tens of billions of dollars. I think it's important, though, to reflect on this. What's driving that growth? It's the demand for transportation fuel for planes, trains, and automobiles. There are currently no substitutes for hydro-based transportation

Bill C-30 (39th Parliament, 1st Session) committee  The polluter-pays principle is a very good discussion to have. I think it's important to define how to draw that circle. If we draw that circle solely on the production side of the equation and ignore the demand side of the equation in terms of who the polluters are, we're never

Bill C-30 (39th Parliament, 1st Session) committee  No, I'd say offhand that it's on the right track in terms of imposing regulated performance obligations on companies that would get us bending the curve toward a stabilization kind of goal in the mid-time period. But I'd say in parallel with that regulated efficiency target wou