Natural Resources committee  Basically, I think we are saying the same thing. We do not want insurance costs to be paid by the federal government or by taxpayers. The industry has to pay them. There are two aspects to that. We have to make sure that there is enough money to pay for damages in the case of an

Natural Resources committee  In Germany, they look at insurance in a different way. I think the English word is “security”. They have to have $2.5 billion in reserve in case of an incident. That is not quite enough, but it is better. In the long term, if the industry knows that it is going to be held respons

Natural Resources committee  I do not think so. I do not know how to say “security” in French; I do not think that it is insurance. Perhaps Murray knows. They have another way of putting aside the money—the $2.5 billion. Does that answer your question?

Natural Resources committee  Okay.

Natural Resources committee  Not to my knowledge. As I mentioned, in this industry it began in the 1950s, when the American vendors started looking to export overseas and they were worried about being sued in other jurisdictions. That's when these liability regimes started to be imposed in other countries, b

Natural Resources committee  I don't know the details of competition within the industry. I would just say that at a high level--and I will ask Murray afterwards why there has been such a blockage on this--I don't think you would see any opposition to that in principle, although I do not know the details.