Natural Resources committee  It's a lot like oil and gas. There is a reservoir. Everyone is going to have a different sized reservoir, but you want to match the production with the injection. To make it renewable, you need to balance that. If you want to sprint, you can take more and maybe slap on some more

Natural Resources committee  The industry is going to be regulated by, for example, the Alberta Energy Regulator, the BC Oil and Gas Commission, or the Mackenzie Valley Land and Water Board. I think we're really fortunate that the oil and gas industry has led in the sense that the regulators already have in

Natural Resources committee  A good rule of thumb is about $4 million to $5 million per installed megawatt. I'll give you a real-life example, and I'll used the Valemount project again. One hundred million dollars would build you a 15 to 20 megawatt electricity plant that would operate constantly. It would g

Natural Resources committee  Hydro.

Natural Resources committee  It would be as compared to coal or diesel, absolutely. A lot of our focus would be on the three territories. They're exclusively on diesel. Even small microprojects—we call one megawatt or less a microproject—have very large positive impacts. The country of Iceland is, obviously,

Natural Resources committee  I think there are really two ways to achieve the data, and different countries make use of both methods. There are really three things our industry wants: the flow rate, the permeability, and the temperature of the source rock. Those three things can help you with the economics o

Natural Resources committee  That would be energy data, so in terms of rock types, for example, with hot springs, you actually find gold. It's called epithermal geothermal. You find gold in old hot springs. Therefore, where mining companies are, usually geothermal companies are as well. There's an incredib

Natural Resources committee  I think we will try to hold to the five minutes. I'm a speed-talker and a speed-reader. We'll weave in the story of some of the first nations along the Kinder Morgan pipeline as well, just to keep it relevant for this morning. Bonjour. The Canadian Geothermal Energy Association

Finance committee  I'm from Pickering as well, so thank you for the question. My family still lives there. I was there this past weekend. You're describing geoexchange. There's a whole other association called the Canadian GeoExchange Coalition, versus CanGEA geothermal energy. The energy we're ta

Finance committee  No, geothermal—

Finance committee  Many people call it “geothermal”. It's the same as people misusing the word “engineer”, and I'm an engineer. Geoexchange is the technology you're describing. We drill one to three kilometres underground. This is more like oil and gas.

Finance committee  To answer a different way, in Paris, France, they are the largest users of district heating. What they do is replace a natural gas boiler or a propane or bunker fuel boiler. The earth boils the water first, and then it comes up and can be distributed to the houses. That replaces

Finance committee  I would. Geothermal heat has really come into being, or been recognized, as renewable. It has always been renewable; it was just never codified into law as being renewable. Now that we accept that it is, what's been holding back projects is that particular designation that gave a

Finance committee  Yes, it's the ACCA.

Finance committee  I'd love to shout from the rooftops and the rafters that it's game-changing, but we want parity and we believe that the other renewables have sprinted ahead of us. Geothermal is constantly being called into question, but what's wrong with geothermal is not the resource and not th