Natural Resources committee  There may be a slightly different viewpoint from the European side. A carbon tax makes sense as a soapbox issue. If there were a serious threat that bitumen from the tar sands would not get to the world market because of CO2 carbon tax issues, then of course—but it's just a way

Natural Resources committee  This may be an interesting one for you. Norway has one LNG facility. It's way up there, close to the Barents Sea in the Arctic. That was developed mainly for the American market. Statoil built a part of an ...energy terminal to be able to get it into the U.S. Today, we have ship

Natural Resources committee  I'll try to address that. I'll go back to the 10 oil commandments created by the standing committee of the Parliament of Norway in 1971. It stated very clearly that oil and gas development should benefit all Norwegians. It stated that it should create a region-owned oil and gas

Natural Resources committee  Every Norwegian born or due to be does, and then we—

Natural Resources committee  The Government of Norway owns it and through it every Norwegian voting and every future Norwegian owns the resource.

Natural Resources committee  I think I can, and my initial remark actually addressed that. Canada, in my opinion, is like Norway: you will be, for hundreds of years, an exporting type of nation. That means you are an OPEC country, but you run the policy like you are an importing country. I want to correct

Natural Resources committee  No, not really. It's getting there fairly quickly, but I think we're number three at the moment, if you go and look at some of them.

Natural Resources committee  More than 4,000 billion kroner.

Natural Resources committee  Oh, it would be a little less than $1,000 billion Canadian.

Natural Resources committee  Norwegians wouldn't allow any type of resource production if we didn't have the tough conditions we have. Actually, we have gone around the world teaching other nations to do the same. If you go to China, you will need to have the same type of policy as an Exxon or a Shell have.

Natural Resources committee  It's one of the many creations, but the most important one is actually part of the 10 oil commandments: thou shall not produce oil and pollute and ruin the nation and the world for future generations. We have a CO2 policy and a CO2 tax that applies to all offshore production, b

Natural Resources committee  Thank you. I'll try to be brief. On the upgrading, I'll just remind the committee that the Venezuelans also need to upgrade the Orinoco emulsion before they send it to specialized refineries. The big cost is in the specialized refineries. You are able to refine some on the east

Natural Resources committee  Thank you, and good evening. For me it's actually the evening, but good afternoon to you in Ottawa. Ladies and gentlemen, I appreciate this opportunity to try to repay some of my debt to Canadian society. The education given to me by the University of Alberta has proven really u