Finance committee  Yes, sir. I think you've named two potential problems. The first is on the ROI. The ROI turns out to be very good. I can take you through the P and Ls, the cashflows, and the ROIs, but it's very strong, partly because there really isn't very much expenditure for the first three y

Finance committee  I think the tax situation is already fine. We have done the cashflows and they work out fine.

Finance committee  No, it wouldn't. We do need the kinds of funds I'm asking for to get it going, but it is nicely sustaining after that. It's a really strong business case.

Finance committee  Pretty much, Mr. Rankin. That's correct.

Finance committee  Well, we need their crude oil, but that won't be a problem. They are more than ready to sell the crude oil, but they don't particularly want to invest. Of course, the main reason is that we have allowed that whole industry to escape us. All of the majors that we think about eve

Finance committee  No, I think I'll get it in this fall.

Finance committee  In terms of the way all big refineries are built, they build them out of prefabricated components built in parts of the world where the costs are low—just like all big ships—and then they're assembled. That's why all major export refineries are on the coast. It doesn't matter whe

Finance committee  Yes, sir. In my discussions with Mr. Oliver, he mentioned that he thinks there's adequate precedent for this. I believe the Canadian government stepped up at least ten times. He showed me a sheet starting with the Lloydminster upgrader, Hibernia—there are a lot of projects where

Finance committee  I think we will be able to solve the aboriginal issues. I think we need to play our cards close to the chest for the time being, because certainly no one wants that kind of thing to be said publicly; it just raises hackles. We have, as I said, spoken to 25 chiefs directly so far;

Finance committee  Yes. Under the new approach we will use, greenhouse gas emissions will drop. The CO2 emissions will drop from seven million tonnes a year to three and a half million tonnes a year. That saving of three and a half million tonnes pretty much neutralizes the extra tonnes of CO2 give

Finance committee  All right. Then I won't review the size or the basic elements of it. Instead I'll just talk a little about the progress to date and leave time for questions. We have made significant progress in all areas of the project. Almost all issues are resolved. We've chosen the refinery

Finance committee  Good afternoon, Chairman. Thank you for this opportunity. If you have seen my face, you know it's better suited to a teleconference than a video conference, so in a way I'm doing you a favour here, but I apologize if there's no video conference in this small town we're in. My p

Finance committee  Yes, I can hear you fine, thank you.