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Natural Resources committee  The carbon capture technology is available. The concern that many companies have is that if they take just the regular carbon dioxide that goes out of a stack, at the top of a chimney, it's already at atmospheric pressure. It's very expensive to compress it back down into usable

November 2nd, 2006Committee meeting

Greg Stringham

Natural Resources committee  Let me start with your last question on the science and technology and on the investment in research and development by the industry. I won't be able to answer your question directly on how much is directed at the social cost, because the costs are blended. The industry is spend

November 2nd, 2006Committee meeting

Greg Stringham

Natural Resources committee  Let me just address the first comment you had on accelerated capital cost allowance. The first thing that's important to recognize is that it actually was in place from back in the early seventies. It applied to all mining companies at that point in time. It was in 1996 that it w

November 2nd, 2006Committee meeting

Greg Stringham

Natural Resources committee  So they just extended it to the renewables and other people to try to bring it on a level playing field. That's what I think they're trying to get to as they move forward. On the question you had regarding the decision to build the refining capacity and the agreement that has be

November 2nd, 2006Committee meeting

Greg Stringham

Natural Resources committee  Thank you. I'm going to continue going through the slides we've handed out and give you a little more background in preparation for your trip to Fort McMurray. This is just background material, so I'm going to go very quickly. If you have questions, I'd be happy to answer them.

November 2nd, 2006Committee meeting

Greg Stringham