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Economic Relationship between Canada and the United States committee  There are a lot of variables in there, and I can't provide a line of sight on all of them. For a while the dialogue remained open with Governor Whitmer's office. However, given that now we're at the position where the courts have to make a decision on whether this is federal juri

March 16th, 2021Committee meeting

Aaron Henry

Economic Relationship between Canada and the United States committee  We need to understand, as Mark is alluding to, that supply chains are shifting. Those supply chains create opportunities for us in those new spaces, but we need to take a sustained view of the fact that the U.S., as an energy power, has also undergone a lot of changes. There mig

March 16th, 2021Committee meeting

Aaron Henry

Economic Relationship between Canada and the United States committee  I would quickly follow that up and say that for the most part, from what we've seen, Enbridge has gone above and beyond to ensure that it can meet the governor's concerns. That includes going beyond simply the proposed tunnel project to encase the pipe. It's also the state-of-the

March 16th, 2021Committee meeting

Aaron Henry

Economic Relationship between Canada and the United States committee  For the most part, this is definitely a plan B. This is not a situation in which there's a whole lot of optimism. In fact, as has been clear from some of the other statements, we're not really even sure if we have the capacity to absorb this displacement in terms of either availa

March 16th, 2021Committee meeting

Aaron Henry

Economic Relationship between Canada and the United States committee  To maybe dovetail with those comments, I would say I agree that if the pipeline were to be shut down, the consequences would be pretty significant. However, I would also agree with Ms. Greenwood's comment that when we look at this situation overall, at where the conversation is a

March 16th, 2021Committee meeting

Aaron Henry

Economic Relationship between Canada and the United States committee  Yes, I'm happy to do that after the discussion.

March 16th, 2021Committee meeting

Aaron Henry

Economic Relationship between Canada and the United States committee  I don't believe that there necessarily would be a direct impact, let's say, to the cost of passenger rail, but there would certainly be more traffic on the lines, and that can create delays and other impacts. Really, what we would be doing, if this were to come to pass and you c

March 16th, 2021Committee meeting

Aaron Henry

Economic Relationship between Canada and the United States committee  Yes, I absolutely do. It's 540,000 barrels per day. It's an incredible amount and volume, and the capacity's not there. That's something we would like to put emphasis on. Canada is focused on its COVID recovery. We still have uncertainty at that border. If you were to put this

March 16th, 2021Committee meeting

Aaron Henry

Economic Relationship between Canada and the United States committee  I'm happy to jump in first, unless Ms. Greenwood would like to respond. I think the way this would play out is that there would be both an immediate impact and a longer-term impact. The immediate impact comes down to the fact that at the moment, we have only 14 refineries in Can

March 16th, 2021Committee meeting

Aaron Henry

Economic Relationship between Canada and the United States committee  Thank you, Mark. I'm going to jump right into it. Some of what I have to say is a reiteration of the last session. In short, revoking the easement and shutting down Line 5 will create significant repercussions for the Canadian and U.S. economies. It will put a strain on Canada'

March 16th, 2021Committee meeting

Aaron Henry

Finance committee  Very quickly, I think that, yes, we have recognized this and we have actually kind of proposed here what we think is a solution. It's a solution that received 90% support from our AGM, and it's ultimately to ensure that there are better mechanisms in place with carbon pricing tha

February 4th, 2020Committee meeting

Aaron Henry

Finance committee  Overall, when we're looking at a strategy, we would like to see something similar, probably, to the way the Canada Infrastructure Bank would be guided. That is something we're also looking for, a strategy that would be comprehensive, that would look towards opportunities to actua

February 4th, 2020Committee meeting

Aaron Henry

Finance committee  Of course. I think we could probably focus on three key buckets. On the one hand, the infrastructure to make sure that those communities are connected, both physically and digitally, should be a key investment strategy. At the same time, we could think about long-term investments

February 4th, 2020Committee meeting

Aaron Henry