Environment committee  I would agree with Mark's comments.

Environment committee  My response would be that I think $15 is going to incent the right behaviours within industry. I've already talked about the fact that there is a lot of uncertainty, as we sit here today, as to what some of these capture projects are going to cost in total. So it's hard to know w

Environment committee  We gather and capture the CO2 right at our Joffre facility. The ethane is piped from our extraction plants, which are in a number of different places in Alberta. Joffre basically sits right on top of the western sedimentary basin, so to go from Joffre to the Viking pool we have w

Environment committee  Yes. What we capture is the CO2 that is part of the ethane feedstock. The ethane feedstock is actually what we use to make the ethylene. So we extract the ethane out of the natural gas stream. The ethane actually naturally attracts CO 2, so we do end up with, not a large stream,

Environment committee  Understood. One of the things I did talk about in my 10-minute presentation, though, is that I think there are numerous benefits. This is not just something where you came in and chose to help NOVA Chemicals with a project. This is not something that just NOVA Chemicals benefits

Environment committee  I can give a couple of comments around that. In terms of what is required going forward, we at NOVA Chemicals would be very pleased to work with the government to figure out what would be required. As we go forward, there is still a lot of uncertainty as to what these projects

Environment committee  I'll be presenting, but I am joined here by Mark Lesky, director of environmental affairs for NOVA. I'm a senior vice-president with olefins and feedstock at NOVA Chemicals. I'm just wondering, can I have Simon's eight minutes?

Environment committee  Okay, I will keep it to 10 minutes. Anyway, I want to thank you for the opportunity to speak before the committee today. There are four areas that I'm going to cover in my comments: a short introduction to NOVA Chemicals; some general comments on the CO2 sequestration process an