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Natural Resources committee  Those are two separate issues. The issue with the geo-mapping is that it has been done at a very broad level by the geological survey and typically oriented towards mining or hydrocarbon investigation. We actually look for different markers. There is some overlap. It is of some

February 7th, 2013Committee meeting

Timothy Thompson

Natural Resources committee  The recommendation would be for the committee to support CanGEA's proposed mapping program for western Canada.

February 7th, 2013Committee meeting

Timothy Thompson

Natural Resources committee  Well, I have to be careful.

February 7th, 2013Committee meeting

Timothy Thompson

Natural Resources committee  I'm a developer so I'll use a practical example. BC Hydro in the early seventies went of its own accord to drill its own geothermal wells, and if you know anything about the subsurface business, you should know that you should actually have some experience in it before you star

February 7th, 2013Committee meeting

Timothy Thompson

Natural Resources committee  I'll go back to my original two answers. We've an abundance of other easier options to develop first. Now that we have exhausted those options to the greatest extent, we don't really have the regulatory infrastructure in place to allow projects to proceed, summing up a variety of

February 7th, 2013Committee meeting

Timothy Thompson

Natural Resources committee  As I presented, there are two possible reasons. One, I think we've enjoyed an abundance of really good options, both from a hydrocarbon point of view—cheap coal, cheap gas, lots of oil—and we've had some really great hydro. But as Mr. Bettencourt was mentioning, incremental gener

February 7th, 2013Committee meeting

Timothy Thompson

Natural Resources committee  In terms of the capital cost to build a geothermal power plant based in B.C., which has some of the best resources, the first merit order of plants are probably going to cost $5 million per megawatt, and the minimum plant size is probably 20 megawatts, so $100 million a plant. I

February 7th, 2013Committee meeting

Timothy Thompson

Natural Resources committee  The answer to that question is yes. We were recently pursuing a project at Fort Liard, to take the town of Fort Liard off diesel power. It has, however, not progressed primarily because of the entrenched bias I spoke of. The project was both technically and economically feasible.

February 7th, 2013Committee meeting

Timothy Thompson

Natural Resources committee  I have to sell power to a utility or a crown corp. If they're not interested in buying the power from me, I have nowhere to go.

February 7th, 2013Committee meeting

Timothy Thompson

Natural Resources committee  As I think I probably agree with everything Ms. Kenny's going to say, I'll defer my time to her.

February 7th, 2013Committee meeting

Timothy Thompson

Natural Resources committee  Parallel to that point by Ms. Kenny, I've been through the CCEMC and SDTC processes myself. I think what you'll find, and I find particularly valuable, is the partnering processes that are part of the admissions intake. They require you to marry up good ideas with good people acr

February 7th, 2013Committee meeting

Timothy Thompson

Natural Resources committee  Specifically, in the geothermal sector, there's $100,000 committed.

February 7th, 2013Committee meeting

Timothy Thompson

Natural Resources committee  It doesn't, frankly. It doesn't matter what metric you use, per capita, as a function of the resource, as a function of the potential, we're lowest on all metrics.

February 7th, 2013Committee meeting

Timothy Thompson

Natural Resources committee  Population's not necessarily the right view, but if you have a potential resource of a certain size, let's say you had between 4,000 and 10,000 megawatts of potential resource, which is what we have and, identically, what the United States has, the United States' expenditure is r

February 7th, 2013Committee meeting

Timothy Thompson

Natural Resources committee  On my end, with regards to geothermal permitting, in B.C., unlike an oil and gas permit that is issued which will have pre-cleared first nations approval, a geothermal permit does not have that. This means the first step in my business plan when I go to seek venture equity is to

February 7th, 2013Committee meeting

Timothy Thompson