Finance committee  Yes, as I said, we have said in the past—and I think if you looked at our membership today, they would also say broadly—that a market-based system of some kind over the longer term is something that our members would prefer, but we've also been very clear that we want to work wit

Finance committee  I think the short answer is yes. I would make a couple of observations. The first is that a healthy gas market that works for both producers and consumers is what we need. That will attract investment, and it will attract investment across the country in areas where there is the

Finance committee  Yes. I would make a couple of comments in response to that question. The first is that over the longer term, investment in these LNG facilities will deliver significant economic benefit. We have included in our submission, based on 5 bcf per day—which is a reasonable estimate, I

Finance committee  I'll give you a very quick answer. The oil and gas sector creates huge revenue streams to government and Canada, both provincially and federally. That allows governments to fund numerous programs, be they health care, education, or others. By creating a competitive tax environme

Finance committee  Thanks very much, Mr. Chairman and members of the committee. We very much appreciate the opportunity to appear before you. My name is David Collyer. I am the president of the Canadian Association of Petroleum Producers, or CAPP. We have representatives from Encana and Shell als

Subcommittee of the Standing Committee on Finance on Bill C-38 committee  There's no question that it has delayed.... I can think of a couple of examples. There was a Shell project that I believe came forward in 2007. Their most recent mining development is still waiting for or I think just got terms of reference for the environmental review. In the

Subcommittee of the Standing Committee on Finance on Bill C-38 committee  I think that one is fairly straightforward. Rather than having a multitude of departments or agencies involved in the review process, single-point accountability goes a long way to making processes work better. I think it's as simple as that. It's consolidating the review respons

Subcommittee of the Standing Committee on Finance on Bill C-38 committee  No. I think that's a very unreasonable assertion. Absolutely not.

Subcommittee of the Standing Committee on Finance on Bill C-38 committee  I would observe that much of what's being talked about here has been discussed over a period of years, not weeks or months.

Subcommittee of the Standing Committee on Finance on Bill C-38 committee  There have been numerous discussions with numerous parties, including CAPP—

Subcommittee of the Standing Committee on Finance on Bill C-38 committee  I can tell you with absolute certainty that we're not seeing any reduction in the amount of federal government engagement in environmental monitoring of the oil sands, so I'm not concerned about that.

Subcommittee of the Standing Committee on Finance on Bill C-38 committee  I think social licence is driven by performance, it's driven by how we communicate, and it's driven by the integrity of the regulatory process. I don't see anything in any of these changes that are being proposed that would negatively impact any of those. In fact, I see some thin

Subcommittee of the Standing Committee on Finance on Bill C-38 committee  I think having a credible, efficient, effective regulatory process will improve social licence.

Subcommittee of the Standing Committee on Finance on Bill C-38 committee  That's what this is about.

Subcommittee of the Standing Committee on Finance on Bill C-38 committee  Bill C-38 will lead to credible environmental assessment more efficiently and more effectively than we do today, and that will assist in increasing our social licence.