Natural Resources committee  As Jay indicated in his presentation, another element of this to highlight is not only the employment impacts, but the energy sector also contributes a significant amount of revenue to various levels of government, which pay for a whole series of important social programs that be

Natural Resources committee  I'm not aware of the specific study that you're mentioning, but would like to clarify a couple of points in this regard. Overall regulation of shale gas development in Canada is within provincial jurisdiction. The Government of Canada is obviously committed to supporting the res

Natural Resources committee  As you mentioned, there is a study that has been commissioned. We anticipate that study will be released in the first half of this year. We don't have a precise timing at this point in time for when that study will be available.

Natural Resources committee  Thanks, Jay. I think you covered things quite well. To reiterate, it is a global market that we're competing against. If we don't move forward and capitalize on this opportunity we have here in Canada, our competitors will. There are significant opportunities and significant pr

Natural Resources committee  As Jay was indicating, we do have in place in Canada a comprehensive environmental and regulatory regime, which was put in place to manage the risk associated with resource development activities, both at the federal level and at the provincial level. These requirements create ob

Natural Resources committee  Yes, I'm sorry, I don't have any specific examples to be able to highlight—

Natural Resources committee  Thank you, Chair. Good morning, members. It's a pleasure to be here today to support your study on propane markets. Natural Resources Canada seeks to enhance the responsible development and use of Canada's natural resources. The department develops policies and programs to enha

Natural Resources committee  Thank you for the question. The management of energy resources in Canada is indeed a shared responsibility between the federal and provincial governments. The provincial governments are the owners of resources within their provincial boundaries. They have the primary responsibi

Natural Resources committee  That is correct, with the exception of energy transportation across provincial or international borders where our National Energy Board colleagues issue export licences for the export of propane or other commodities. In an emergency situation, or in a period of temporary market d

Natural Resources committee  To add a few more comments to what Greg outlined below, it's important to note that individual retailers of propane base their contracts with their suppliers on historical demand. They sign up either for variable-price contacts, or in some cases fixed-price contracts, based on wh

Natural Resources committee  Natural Resources Canada regularly monitors energy markets: oil, gas, and other commodities. We track market developments, and we're in regular contact with our provincial counterparts, as well as with our industry colleagues, in terms of identifying potential market issues going

Natural Resources committee  I have a brief comment on that. As I mentioned earlier, the management of resources is a shared responsibility. The Government of Canada has taken a number of steps over the last number of years to support new investment in Canada's resource sector. We've taken steps through Natu

Natural Resources committee  I'll begin, and maybe I'll defer a little bit to my colleagues at the National Energy Board with regard to some of their research on the markets as well. Propane markets are typically volatile, given the seasonal demand for propane and given the kind of constant production level

Natural Resources committee  In real terms, prices last winter were the highest prices that we have ever experienced for propane markets. But in terms of percentage increases, we have seen increases in propane prices in comparable levels in previous years. In 2000-01 there was a significant increase.

Natural Resources committee  I have the statistics in front of me, but maybe.... Darren, do you have this?