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Finance committee There's a fairly dynamic relationship between them, so it really depends upon which time period you want to pick. It's significant enough at any given time that you don't want to lose that opportunity—
February 17th, 2016Committee meeting
Alex Ferguson
Finance committee Yes, probably. Chris, do you want to...?
February 17th, 2016Committee meeting
Alex Ferguson
Finance committee I'll comment first and then let Chris jump in.
February 17th, 2016Committee meeting
Alex Ferguson
Finance committee The one thing that's important to note is that Saudi Arabia did not create this problem. This problem was created primarily in the United States and Canada with our technology development and our inability to get beyond Canada's borders with our product. A little bit of South Ame
February 17th, 2016Committee meeting
Alex Ferguson
Finance committee No, we haven't done the final detail. It's more conceptual.
February 17th, 2016Committee meeting
Alex Ferguson
Finance committee Well, at this point we don't know how much bitumen is going to be produced, much less refined.
February 17th, 2016Committee meeting
Alex Ferguson
Finance committee There's a big initiative in Alberta that you may be aware of. The government is promoting and supporting increased bitumen refining and upgrading. We haven't really looked at that as an issue for us other than that we believe there's an opportunity. If there's an opportunity for
February 17th, 2016Committee meeting
Alex Ferguson
Finance committee Absolutely.
February 17th, 2016Committee meeting
Alex Ferguson
Finance committee I would say on behalf of our members, yes, absolutely, given the amount of effort and focus we have put on that issue.
February 17th, 2016Committee meeting
Alex Ferguson
Finance committee Well, first I'd like to comment that our association represents the upstream, and the LNG industry is the downstream part of the sector, so it's not really—
February 17th, 2016Committee meeting
Alex Ferguson
Finance committee Yes. We have supported that, as we've supported all market access opportunities for our products. The request for the capital cost allowance was to bring it into some measure of parity with the rest of the manufacturing sector in Canada. Our perspective, when we looked at it and
February 17th, 2016Committee meeting
Alex Ferguson
Finance committee I don't have the number offhand, and—
February 17th, 2016Committee meeting
Alex Ferguson
Finance committee It probably is.
February 17th, 2016Committee meeting
Alex Ferguson
Finance committee I'm just closing right now. I will finish by saying that we certainly support investment in cleaner technology, and our sector has many examples of opportunities for developing cleaner technologies for our sector and others. We look forward to the opportunity to continue to enga
February 17th, 2016Committee meeting
Alex Ferguson
Finance committee Thank you for the opportunity to present today. As a representative of the upstream oil and natural gas sector in Canada, I want to focus some of our comments today broadly on matters of the investment environment in Canada. Simply put, we believe that to create wealth for Cana
February 17th, 2016Committee meeting
Alex Ferguson