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Natural Resources committee Thank you.
March 30th, 2010Committee meeting
Hugh MacDiarmid
Natural Resources committee To be honest, I wouldn't know whether those have been adjusted or not.
March 30th, 2010Committee meeting
Hugh MacDiarmid
Natural Resources committee I do feel compelled to ask you to clarify your statement about being 700% over budget. That's certainly a number that is nowhere near, in my view.
March 30th, 2010Committee meeting
Hugh MacDiarmid
Natural Resources committee This is the government funding in aggregate.
March 30th, 2010Committee meeting
Hugh MacDiarmid
Natural Resources committee In the supplementals the Chalk River project was clearly identified, I believe, as having a $72 million cash requirement associated with it. To put it in context, the NRU repair is indeed a significant amount of money, and we take that responsibility seriously, but it's not the t
March 30th, 2010Committee meeting
Hugh MacDiarmid
Natural Resources committee Merci, Madame. To respond to your comments, to the best of my knowledge the $8-billion figure that you reference is accurate in terms of the accumulated government support in AECL. A very substantial portion of that is for the support of the laboratory, which is by definition a
March 30th, 2010Committee meeting
Hugh MacDiarmid
Natural Resources committee I would respond to the schedule issue by saying that making predictions is a challenge in an environment where you are dealing with first-of-a-kind technology, and you have now seen the complexity of the challenges we face. We had adopted a philosophy from the outset that we wo
March 30th, 2010Committee meeting
Hugh MacDiarmid
Natural Resources committee First of all, the minister has been very clear that this indeed is the number one priority for AECL from his perspective, and he has given clear guidance that we're to proceed with every resource at our disposal to bring the reactor back into service as quickly as possible, consi
March 30th, 2010Committee meeting
Hugh MacDiarmid
Natural Resources committee I regret that my translation didn't work perfectly for the first half of your comments, but I'll do my best. Certainly we can understand the needs and concerns of all stakeholders in this matter. As I said, we all understand the implications of the delays. It was certainly our g
March 30th, 2010Committee meeting
Hugh MacDiarmid
Natural Resources committee I don't have a detailed understanding, Mr. Regan, but I certainly do understand that the enabling legislation does provide for the government to have the authority to effect the restructuring transaction.
March 30th, 2010Committee meeting
Hugh MacDiarmid
Natural Resources committee From my perspective, it's really not a domain that I have spent a lot of time on in this transaction. It has been a process that's been very much led by government officials, with our support, and that's not a matter I've had direct involvement in.
March 30th, 2010Committee meeting
Hugh MacDiarmid
Natural Resources committee Without responding directly to those comments, sir, I would simply say that the government has made a clear policy decision. They seem intent on executing it. It is indeed important that if we're going down this path, it be done quickly and efficiently, because we do have a busin
March 30th, 2010Committee meeting
Hugh MacDiarmid
Natural Resources committee I'm never confident in any deadline in a transaction, so I think we need to await the outcome of the process. In the meantime, I need to keep the wheels on and keep the business moving forward.
March 30th, 2010Committee meeting
Hugh MacDiarmid
Natural Resources committee We issued what I consider, really, the first definitive guidance around the month of August. At that time we had done enough examination to allow us to put a timeframe of the first quarter of 2010. That guidance held for at least six months. As Bill explained, we ended up in the
March 30th, 2010Committee meeting
Hugh MacDiarmid
Natural Resources committee Old friends.
March 30th, 2010Committee meeting
Hugh MacDiarmid