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
October 31st, 2006Committee meeting
Richard Paton
Industry committee If that's taken into account. I have not seen that it has ever taken into account that well yet.
October 31st, 2006Committee meeting
Richard Paton
Industry committee Yes, right.
October 31st, 2006Committee meeting
Richard Paton
Industry committee Right.
October 31st, 2006Committee meeting
Richard Paton
Industry committee Yes.
October 31st, 2006Committee meeting
Richard Paton
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.
October 31st, 2006Committee meeting
Richard Paton
Industry committee Exactement, oui. Yes.
October 31st, 2006Committee meeting
Richard Paton
Industry committee Dave Podruzny's more of an expert in this issue than I am.
October 31st, 2006Committee meeting
Richard Paton
Industry committee You want me to answer the employment question or the fiscal question, or both?
October 31st, 2006Committee meeting
Richard Paton
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
October 31st, 2006Committee meeting
Richard Paton
Industry committee That's right.
October 31st, 2006Committee meeting
Richard Paton
Industry committee You could have some impact on electricity, with better electricity policy--not in Quebec, which has a pretty good advantage, but Ontario could improve.
October 31st, 2006Committee meeting
Richard Paton
Industry committee Yes.
October 31st, 2006Committee meeting
Richard Paton
Industry committee You've got it. I think there are only a few things that government can do. I totally agree. And we'll add that we don't believe in picking winners and losers. We don't believe in special industry programs for the chemical industry. That's not our philosophy. Just get the policy
October 31st, 2006Committee meeting
Richard Paton
Industry committee That's a good question. They're slightly different. The Middle East has a huge what we call feedstock. When we talk about feedstock, our industry is largely natural gas. The price of natural gas in Iran at one point was $1.25 to our $8. That feedstock is about 75% of the cost o
October 31st, 2006Committee meeting
Richard Paton