Finance committee  That's right. In the entire biofuel industry—ethanol, biodiesel and renewable natural gas—there is no ITC currently proposed for any of those.

Finance committee  Natural Resources Canada was asked to look at the issue, and we've helped it better understand the viability of it and the need for it. Whether or not it comes to fruition is to be determined.

Finance committee  It's 20% of coal.

Finance committee  That's correct, and maybe I'll build on the stats for you. On the shipping fleet that docks and unloads in Vancouver, if you were to put LNG into those ships versus marine bunkering fuel, you would save the entire emissions of British Columbia if you did it with LNG.

Finance committee  Yes. They fill up in Singapore and Rotterdam. They traverse the ocean, and they dock in Vancouver and unload and go back to their reloading facilities in Asia. If you had LNG versus bunker C, which is quite literally one step above asphalt in the spectrum, you'd save the equivale

Finance committee  Yes. Renewable natural gas is methane, or CH4. It's the same product that is pulled from our reserves in Canada, so it's just a renewable form of the same molecule that flows through our pipelines to our furnaces today.

Finance committee  That is correct.

Finance committee  For us, the piece of analysis that hasn't been done thoroughly is the options available to Canadians. Moving to a heat pump costs $20,000. Buying an EV has an incremental cost that is out of reach for most people. The economic theory is that, if you tax people, they will make beh

Finance committee  I would pick up on the interest deductibility issue. The utility industry, gas and electric, has in the tens of billions of dollars of debt that it uses to finance wires, pipelines, transformers, etc. The carrying cost on that debt, the interest, is what's being proposed to be re

Finance committee  Thanks. I'll echo Ron's point about social media. I would also like to commend the committee for travelling. I know it's not easy. I know it takes agreement among all of you. As I would call it, “the cast of characters” you have here today is quite unique. I'm learning somethi

Finance committee  Canada's domestic story is one that's only improving. We produced and consumed record volumes of our product in 2022. We produced record volumes of renewable product, which is known as renewable natural gas, and hydrogen in 2022. In 2025, we'll enter the global market for natural

Natural Resources committee  That's great. Thank you so much. We have a busy night, so I'll get started right away. Thanks for the opportunity, Mr. Chair. It's great to see all members. By way of background, the Canadian Gas Association represents the delivery side of the natural gas industry in Canada. O

Natural Resources committee  I would have to get you the numbers on that. I do know that over the last decade, we nearly doubled our proven reserves of natural gas in the country. That's fairly tremendous, given that we've been producing gas for over 100 years in Canada. Similarly, in the United States they'

Natural Resources committee  There's a lot there. Look, you're correct that natural gas offers a greenhouse gas emission benefit relative to coal. It offers criteria air contaminant benefits to coal. Exporting our product to nations that use coal should be, and clearly is, a priority for the Government of Ca

Natural Resources committee  It's important to understand that there's a lot to that program. There's a lot of architecture to bring in—no pun intended—and there are a lot of people you need to train. Once you set up a program like that, it's a heavy lift and it needs a commitment. If the government were to