Natural Resources committee  Sadly, there hasn't been a demonstration project in any one of those territories, nor a lead applicant from any one of those territories. I would say, however, that we have funded several technologies that have applicability to the north and particularly to remote communities a

Natural Resources committee  Sure. We believe that there's a need to continue support for instruments like SDTC, but there's also a need for earlier-stage support, so primary research to develop new ideas that we can then foster and bring to market. We also see a strong need for late-stage innovation support

Natural Resources committee  Sure. I can start with the benefits and then work my way through to our views on what's needed going forward. I think that's what I'm inferring from the question in terms of innovation support. Would that suit you?

Natural Resources committee  Actually, there are some of the benefits that we've seen in our own portfolios. Of those over 300 projects that we've invested in to date, 70 of the companies behind those are in the market today. That means that they are registering revenues from the products that they developed

Natural Resources committee  For some of them, they can be retrofitted. Some of the enhanced steam utilization technology, some of the technologies that address tailings waste, water waste, etc., those can largely be retrofitted. But many of the solvent-injection technologies, which are perhaps some of the l

Natural Resources committee  Yes, I'd say it's pretty equivalent. We largely mirror the level of GDP that comes from the sector. We do have a healthy power generation portfolio as well, which does have a significant number of both renewables but also other low-carbon routes. We recently invested in a couple

Natural Resources committee  We certainly look to drive performance similarly on cost and efficiency, etc., of renewables. We're typically looking for the ones that can compete head to head with the incumbent energy solutions that are out there, so any time we see an opportunity that can disrupt the landscap

Natural Resources committee  I'm not sure I can predict that. There are many factors there that are well beyond our control. I can maybe answer it by saying that within our own portfolio, and I believe there are investments being made by some of the larger players in Alberta as well, we see solutions that ar

Natural Resources committee  My apologies. I can close it there and open to questions if we're really tight on time or I could go just a few full bullets on concluding remarks. It's up to you.

Natural Resources committee  Sure, will do. I'll just summarize what we think is important. Innovation we think is very important, but innovation that addresses the triple bottom line. Canadian oil sands are in a precarious position because of the cost and the GHG intensity. It's imperative that we continu

Natural Resources committee  Thank you very much for having me here today. I'm representing Sustainable Development Technology Canada. I am the vice-president of investments at SDTC. I have brought along with me some handouts. Hopefully, you've received copies of those, which I will be referring to at sever

Natural Resources committee  Great. Thank you. To begin, I'd like to provide a brief overview of SDTC. I'm not sure how many folks are familiar with us as a foundation. I'd also like to talk about some of the drivers we see in the sector, in the oil and gas sector specifically, for innovation. Finally, I'd