Natural Resources committee  We've scratched our heads a little bit—I'll be honest—around some of the interim measures for GHG on big projects, but as we've worked through it with our members, I think we've come to the conclusion that we can get through this. It does provide an opportunity to highlight, and

Natural Resources committee  For a while at CAPP I looked after our members who were focused on the north, in the territories in particular, and what an amazing opportunity that is for Canada. Bluntly, it's something that's waiting to enrich all Canadians. But it's a frontier jurisdiction in terms of the ex

Natural Resources committee  Sure. We did provide a pre-budget submission to Finance that had some more ideas and we looked at innovations in that space. I can make it available. Broadly speaking, I mentioned the one around the capital cost treatment for the sector, which we believe will free up some capita

Natural Resources committee  I guess the solution always starts with a good conversation. We were pleased to see that the federal government was working with the provinces on some of these issues. They're all related to our sector: energy use, climate issues, indigenous peoples. There's a nexus there that we

Natural Resources committee  I think you're seeing messaging that new projects are probably less liable to go forward in the near term. I think you're looking at some of the new projects, the latest technologies, and it depends on the reservoir, but probably nothing below $50 a barrel. It's very project spec

Natural Resources committee  It's a fairly complex scenario. We should take comfort in the opportunities we believe we have in reserves. We're betting on the technology piece to do a lot of things for us. We have, historically in our society, counted on technology to do everything for us, innovations to help

Natural Resources committee  I might have to get back to you on that specific. I don't know what the offloading opportunity is. It's a very project-specific thing that Trans Canada would know better. If I said something today, I may not give you the right information. We do look at it, broadly, as an opport

Natural Resources committee  We take our queue from outside agencies like the International Energy Agency. I think we understand clearly that global oil demand will continue to increase for a significant amount of time, and based on energy demand, it will always grow for our global economies. The other thi

Natural Resources committee  Absolutely. Thank you. COSIA is a globally unique and globally significant example of collaboration on the technology innovation space. You have to pause for a minute and realize that nowhere on this planet do we have that kind of breadth and depth of collaboration around managi

Natural Resources committee  I think the first thing we talk about at our boardroom table with all the companies is that there is no one simple answer to this. There are probably hundreds and hundreds of things we collectively need to do, and I can give you some examples. We're pleased to see some of the in

Natural Resources committee  Thank you very much for a great comment and a great question. For a long time—forever—our economy has been reliant on our natural resources. That is the strength we have in this country. You are right—it's not just oil or natural gas, but lumber, mining, etc. It's a foundation,

Natural Resources committee  Thank you very much for the question. The value-added piece for our product is pretty important for us. We don't represent the refineries and the upgraders necessarily. They are not really an upstream activity. However, we fully support any value-added employment opportunity in

Natural Resources committee  First of all, thank you very much for the opportunity to be here today. I have gone through a lot of the previous materials and presentations that you've had here, so I'm hoping not to rehash some of the good information that I saw in some of the materials that you've seen alread

Finance committee  I will give a good example to frame that. Just from an oil sands perspective, our members that operate in the oil sands sector track the number of businesses that they purchase products from elsewhere in Canada. I did have some numbers here. For example, in Ontario there are appr

Finance committee  Sure. Maybe I'll start by quickly.... The capital cost treatment, or the depreciation schedule, is a means for an operator or business to manage risk in a project. They're more prepared to take a riskier project if they can write off that risk sooner so that they gain more confid