Industry committee  You want me to answer the employment question or the fiscal question, or both?

Industry committee  Okay, well there is a fiscal impact. I think Jay Myers estimated it at something like $1.9 billion. It depends on whether people actually make investments or not, and that depends on whether they've got any money, so there are a lot of variables. But if you took the full impact o

Industry committee  Absolutely. It's cashflow. Companies would have much more financial flexibility to keep investing, reinvesting, and improving their equipment and technology as well as their emissions performance.

Industry committee  Our chairman, Larry MacDonald, from NOVA, has a phrase that he likes to use, and that is that Canada should aim to be the best resource upgraders in the world, environmentally and economically. If we are the best and you're going to set regulatory frameworks, I think you have to

Industry committee  If that's taken into account. I have not seen that it has ever taken into account that well yet.

Industry committee  Yes, right.

Industry committee  Right.

Industry committee  Yes.

Industry committee  Exactly.

Industry committee  I do, absolutely. I think this is an area in which the federal government could play a much more active role but has not done so; however, the main issue for us is provincial governments. If you take a look at the Ontario energy policy for the last five or six years or at what's

Industry committee  I don't think we can do much about the dollar, other than adapt to it. We meet with the Bank of Canada every year and have this debate. Even the Bank says that when we raise the interest rate, we're not even sure what happens to the dollar, so it's a very unpredictable world. May

Industry committee  That's exactly right.

Industry committee  Thank you very much.

Environment committee  My name is Richard Paton and I'm the president of the Canadian Chemical Producers' Association. With me is Gordon Lloyd, our vice-president of technical affairs, who I understand seems to very often appear in front of your committee. Thank you for the opportunity for CCPA to app

Environment committee  I know a carbon market is a very innovative idea, but let me make two points about it. First of all, it can't be domestic; it has to be international, because with the gap we have in this country, we're all going to be buying from somewhere else. Second, to establish a carbon