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Finance committee I'm not sure what financial reports you're referring to, sir.
May 28th, 2007Committee meeting
Robert Michaleski
Finance committee That's correct.
May 28th, 2007Committee meeting
Robert Michaleski
Finance committee Yes, absolutely.
May 28th, 2007Committee meeting
Robert Michaleski
Finance committee Yes, and it's why I'm here. It's why I'm here seeking an exemption with respect to dealing with infrastructure. I don't think we're different from our competitors south of the border, the U.S. MLP market. I think it's a vibrant market, and we compete with that market. It's why I'm here.
May 28th, 2007Committee meeting
Robert Michaleski
Finance committee I'm not going to profess to be an expert on environmental or Kyoto-related matters, sir. I'm speaking on behalf of our infrastructure group. But I think anything that causes damage to the industry will certainly have an impact on us longer term, in the sense that likely there will be less product for us to transport to export markets.
May 28th, 2007Committee meeting
Robert Michaleski
Finance committee I think, if I may just add, it's highly unlikely that you're going to see any entity stay on as a trust. The likelihood is more a conversion to corporate, but even more so, I think the likelihood is that they're going to be sold to the highest bidder before 2011.
May 28th, 2007Committee meeting
Robert Michaleski
Finance committee Well, we do represent mostly infrastructure and pipelines in the province of Alberta and elsewhere, so we are impacted by the decline in drilling that will take place. Energy trusts will also be impacted by the decline in drilling because that also translates into likely lower production levels, or a lesser ability to maintain production from those entities.
May 28th, 2007Committee meeting
Robert Michaleski
Finance committee Thanks very much. Thanks for this opportunity to speak with you this afternoon. l am here on behalf of the Canadian Energy Infrastructure Group, or CEIG. The CEIG represents ten infrastructure companies that manage energy pipelines, storage facilities, and processing plants. We process, transport, and store a very significant portion of Canada's oil, oil sands, and natural gas production, and petrochemical feedstocks.
May 28th, 2007Committee meeting
Robert Michaleski