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Bill C-30 (39th Parliament, 1st Session) committee  I'll give you just one statistic to complement what you're saying. If I shut down the entire steel industry, it would be 1.8%.

February 22nd, 2007Committee meeting

Denis Fraser

Bill C-30 (39th Parliament, 1st Session) committee  I can understand why you people want some reasonable long-term targets and some time to meet them. I guess I'm hearing that you want some targets that are reasonable and attainable over a fixed period of time, but in order to meet these hard targets we'd have to shut down a third

February 22nd, 2007Committee meeting

Denis Fraser

Bill C-30 (39th Parliament, 1st Session) committee  I want to say a word for your 2,600 employees. You have 2,600 employees in your company and $1.5 billion in sales. I think this committee should consider that when we are making a decision as to which approach we should take.

February 22nd, 2007Committee meeting

Denis Fraser

Bill C-30 (39th Parliament, 1st Session) committee  It isn't so much a perspective. I did not communicate clearly what I meant by the situation. You cannot look independently at target setting and a trading system. I think the trading system gives us confidence that we can set just about any target for an industry, and there is

February 22nd, 2007Committee meeting

Denis Fraser

Bill C-30 (39th Parliament, 1st Session) committee  I entirely agree with the position you're expressing. To the extent that the goals that are set and the environment that is created can continue to foster an environment where you can continue to invest economically in new technology, we will increase productivity and achieve gre

February 22nd, 2007Committee meeting

Denis Fraser

Bill C-30 (39th Parliament, 1st Session) committee  You have to look at a 10- to 15-year horizon, but I would not leave you with the impression that there is nothing that can be done even on a shorter-term period. The steel industry has identified cogeneration at the integrated site as a significant opportunity. It's important t

February 22nd, 2007Committee meeting

Denis Fraser

Bill C-30 (39th Parliament, 1st Session) committee  But we would be able to offer economically feasible and justifiable solutions for very large gain, as we demonstrated over the years, which is questionable at this time. The issue is how much time you allow yourself, and whether you are going beyond what is technologically proven

February 22nd, 2007Committee meeting

Denis Fraser

Bill C-30 (39th Parliament, 1st Session) committee  I think the industry has demonstrated self-discipline when it comes to efficient energy use, taking actions from an investment perspective that foster not only achieving the goal of improving emissions but also improving efficiency, productivity, and reducing energy input. If I

February 22nd, 2007Committee meeting

Denis Fraser

Bill C-30 (39th Parliament, 1st Session) committee  In addition to what was said, there is a lot of international effort researching means of production that will be more effective. IISI, our worldwide association, has a program that gathers resources worldwide to advance the technology and identify best practices. That's an area

February 22nd, 2007Committee meeting

Denis Fraser

Bill C-30 (39th Parliament, 1st Session) committee  I would echo the same thing, that an alignment with the U.S. is extremely important. As I alluded to in the past, there's a lot of steel travelling across the border; there's a lot of industrial activity of all sorts that make the continental market—the U.S. and Canada—one econom

February 22nd, 2007Committee meeting

Denis Fraser

Bill C-30 (39th Parliament, 1st Session) committee  To me, a continental market makes a lot more sense. The regulatory framework in the U.S. is known to us; it's a known quantity. There are a lot fewer opportunities, if I might say, to cheat the system or circumvent the measures. As you get into the world scene, it's much more dif

February 22nd, 2007Committee meeting

Denis Fraser

Bill C-30 (39th Parliament, 1st Session) committee  They are in a number of countries. I have personally visited facilities in Brazil, Kazakhstan, and perhaps most importantly—we should all understand the significance of this—China. Steel production in China will soon account for almost one-third of world steel production. China

February 22nd, 2007Committee meeting

Denis Fraser

Bill C-30 (39th Parliament, 1st Session) committee  I don't disagree with that. And it just basically adds to the comment I made in my prior remarks that this is a lot of money that deserves to be reinvested in our economy--with the appropriate framework, so we can achieve the goals, but through economic means. I think largely wha

February 22nd, 2007Committee meeting

Denis Fraser

Bill C-30 (39th Parliament, 1st Session) committee  I'd like to express a slightly different point of view on the international trading system than what my colleagues here have expressed. I'm part of a large international group, Mittal. We operate in 60 different countries, so we're seeing both sides of the equation. A lot of st

February 22nd, 2007Committee meeting

Denis Fraser

Bill C-30 (39th Parliament, 1st Session) committee  Yes, and what allowed that was the use of better technology. As Mr. Gagnier communicated for the aluminum industry, it's pretty much the same thing for most of us involved in what we describe as heavy industry. We continue to progress through the application of the best technolog

February 22nd, 2007Committee meeting

Denis Fraser