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Finance committee What can I say? As I said, I think it's been included without people fully understanding what they were including. There may be an alternate reason that they put it in, but it affects us dramatically.
November 17th, 2014Committee meeting
James Michael Kennah
November 17th, 2014Committee meeting
James Michael Kennah
Finance committee When we first saw it, as the gentleman mentioned, we had missed the cut-off period to comment.
November 17th, 2014Committee meeting
James Michael Kennah
Finance committee We weren't aware of it, so we didn't have a chance to comment on it.
November 17th, 2014Committee meeting
James Michael Kennah
Finance committee That's standard practice. Yes.
November 17th, 2014Committee meeting
James Michael Kennah
Finance committee No. Our employees came from Teleglobe. We were the marine department of Teleglobe. When they were privatizing, and so on, we went on our own and started a company that carried on in a similar business, but we branched out to much more international and to shipping as well.
November 17th, 2014Committee meeting
James Michael Kennah
Finance committee There are no more copper cables.
November 17th, 2014Committee meeting
James Michael Kennah
Finance committee They're all fibre optic, and 95% of the world's—
November 17th, 2014Committee meeting
James Michael Kennah
Finance committee They haven't been taken up; they've been left in place.
November 17th, 2014Committee meeting
James Michael Kennah
Finance committee It's better for the environment to leave them there, believe it or not.
November 17th, 2014Committee meeting
James Michael Kennah
Finance committee Yes, that's correct.
November 17th, 2014Committee meeting
James Michael Kennah
Finance committee Yes. In fact, that would be fine. But it would be nice if there were a Canadian company left to bid on that rather than having a bunch of Canadians work for foreign companies.
November 17th, 2014Committee meeting
James Michael Kennah
Finance committee This is unusual because we are basically a small business. We operate two vessels. There are only 39 cable ships throughout the world. We have two of them. They are purpose-built vessels to do this, so it's a very specific industry. In a good year, we might do $50 million worth
November 17th, 2014Committee meeting
James Michael Kennah
Finance committee Yes, it's probably by accident, out of ignorance, more or less, as to the magnitude of what is involved in cable laying.
November 17th, 2014Committee meeting
James Michael Kennah
Finance committee That's correct. We only have competitors from other countries.
November 17th, 2014Committee meeting
James Michael Kennah