Finance committee  Those are very good questions, and we refer again to the statements made in the Rothschild's investment summary. We think they are very important. One of the objectives needs to be the ongoing health of the industry. We talked a little bit about Nortel. I see the situation as s

Finance committee  I think Hubert gave a very good answer to that question. We need to make progress quickly, but we also need to make sure it is the right progress. There is a balance there; I wouldn't like to suggest to people that it has to be done in a hurry, but we need to progress at an appro

Finance committee  No one that I'm aware of that is a potential buyer had an involvement in the preparation of our statement.

Finance committee  Good evening. My name is Neil Alexander. I'm the president of the Organization of CANDU Industries. OCI is an association of about 165 companies, with bases here in Canada, that have an interest in the ongoing health of the nuclear industry here. One of those companies, Laker En

Natural Resources committee  To answer your question, our industry is much, much broader than just the supply of reactors. As I've said, we have a very substantial uranium mining industry. As a result of our involvement in uranium mining in Canada, some of our Canadian companies own significant mines abroad

Natural Resources committee  Absolutely, you're spot-on. It's a very valuable niche market product for people who don't want enriched fuel. It could also be used to run alongside other reactor designs, because the CANDU can actually produce more energy from the fuel that exists, that comes out of the other r

Natural Resources committee  We come from a circumstance where we understand how Canada works with a federal government and then with very powerful provincial governments that have control over such issues as electricity supply. That's not a model that exists everywhere in the world. It's fair to say that

Natural Resources committee  Yes. I'd go back to...and there were comments previously about the valuations on AECL. First of all, I wouldn't necessarily trust a journalist to do my valuations for me, but you can see the basis for them. It being--

Natural Resources committee  I'm not sure what I should say to that. I think what they're doing is a simple business valuation based on existing turnover. There's a credible figure that comes out from that, around the hundreds of millions. What I would draw people's attention to is the promise, because the

Natural Resources committee  That's why it's very substantially chicken and egg.

Natural Resources committee  Somebody buying into the product would then create the investment that's needed to go forward. The solution would be that the parties work together to come to a conclusion--the federal government, the provincial government and the potential investor. That way, the investor woul

Natural Resources committee  I would love to see a country where we did make a full investment in AECL and geared it up as a crown corporation to go forth and compete with all of the other reactor vendors. It is a very expensive proposition. If you look at what has happened with other reactor vendors around

Natural Resources committee  I think there were two questions in there. In terms of the technology, there are two technologies that AECL, broadly speaking, is in command of at the moment. One is the advanced CANDU reactor. That's a generation III-plus reactor. It's a mass market product that would fit into

Natural Resources committee  I was intrigued. We were asked to come here and present on the state of the industry, and that's what we did. If you had wished us to come to talk about the power pulse issue, we would have been pleased to send somebody who understood that in detail to answer those questions.

Natural Resources committee  I would just like to say that so far as the state of the industry is concerned, this is a well-understood issue. Our people are still interested in buying CANDUs, understanding the issues, because it has been controlled. The implications that there is some kind of secrecy surroun