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Government Operations committee As I said, we're in the preliminary stages of developing a comprehensive list of assets and asking the department to identify real estate, as well, that they think is of interest. It will be only after we go through that process and then the subsequent short list that we'll have
March 24th, 2009Committee meeting
Richard Botham
Government Operations committee The scope for the next year is the four departments listed in the budget bill.
March 24th, 2009Committee meeting
Richard Botham
Government Operations committee Going back to my initial remarks on the process of the review, it would be a variety of outcomes. It could be proposals regarding the governance of a crown corporation, the governance of a subset of its activities. By the same token, it could include the corporation as a whole in
March 24th, 2009Committee meeting
Richard Botham
March 24th, 2009Committee meeting
Richard Botham
Government Operations committee Both of those departments will be subject to the corporate asset review in 2009-10. I would expect that the operations of those crown corporations would be something that departments would or would not identify on the long and short lists of assets.
March 24th, 2009Committee meeting
Richard Botham
Government Operations committee No, not to execute those transactions. AECL is a crown corporation within the portfolio of NRCan, and Canada's ownership stake in Hibernia, which falls within the Canada Development Investment Corporation, is a crown corporation that is within the purview of the Minister of Finan
March 24th, 2009Committee meeting
Richard Botham
Government Operations committee That's correct.
March 24th, 2009Committee meeting
Richard Botham
Government Operations committee That's correct.
March 24th, 2009Committee meeting
Richard Botham
Government Operations committee That is correct.
March 24th, 2009Committee meeting
Richard Botham
Government Operations committee It's a hypothetical question until we have identified those assets that we will do further analysis on. As I said, the analysis includes market soundings, an analysis of the financial worth, and potential interest in the private sector. So hypothetically it is possible that after
March 24th, 2009Committee meeting
Richard Botham
Government Operations committee The number in the update, you're right, is $4.3 billion for 2009-2010.
March 24th, 2009Committee meeting
Richard Botham
Government Operations committee The document in front of you probably outlines, at least two lines above that, the source.
March 24th, 2009Committee meeting
Richard Botham
Government Operations committee Right. That's both savings from the way the government manages its operations—
March 24th, 2009Committee meeting
Richard Botham
Government Operations committee —and then the second line, being $2.3 billion, includes both strategic review and corporate assets.
March 24th, 2009Committee meeting
Richard Botham
Government Operations committee That's correct.
March 24th, 2009Committee meeting
Richard Botham