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Finance committee  That is an excellent question. I think it comes down to taking a holistic approach and understanding that we can transition in a measured way. We don't have to stop the oil and gas sector immediately. However, at the same time, we have to recognize that we do need to make real,

May 28th, 2020Committee meeting

Michael Crothers

Finance committee  Thank you. A real-life example of what you're speaking about is the LNG Canada project. Shell is a leading investor in that project. It's 10,000 construction jobs, 400 full-time jobs, and it is half the global average of carbon intensity for LNG, anywhere in the world. It shows

May 28th, 2020Committee meeting

Michael Crothers

Finance committee  We look at this from the point of view of scenarios: Looking forward over decades, how will the world's energy system transition? It's pretty hard to pick a year at which you will get peak oil, but there definitely will be a time in the next maybe 10 or 20 years when we'll see pe

May 28th, 2020Committee meeting

Michael Crothers

Finance committee  Yes, thanks for the thoughtful question. I think it really is about looking at the big picture and seeing how committed we are to long-range, continuous reduction of emissions as an industry. Combined with that is the understanding of how excellent Canadian production is in terms

May 28th, 2020Committee meeting

Michael Crothers

Finance committee  I believe there is the potential for social acceptance of these types of projects because it depends on the standards that these companies are applying as they're doing their work. The sector has a remarkable track record of driving down emissions in response to the needs of soci

May 28th, 2020Committee meeting

Michael Crothers

Finance committee  Absolutely. It's set up at our Scotford facility, which is a large complex of plants near Edmonton. The construction was over 600 jobs. It has an ongoing support requirement of roughly 30 jobs. The opportunity to spin that off and to scale it is enormous for a country such as Ca

May 28th, 2020Committee meeting

Michael Crothers

Finance committee  Yes, this is a project that has actually become a world leader in carbon sequestration technology, right here in Canada. It started up in 2015. It has now just exceeded its five-million-tonne mark of sequestering carbon dioxide in a deep aquifer underlying.... Most of Alberta a

May 28th, 2020Committee meeting

Michael Crothers

Finance committee  Good afternoon, Mr. Chair and committee members. I appreciate the opportunity to speak with you today on behalf of Shell Canada, as a representative of our country’s most critical energy sector and as a proud Canadian who, like you, is extremely concerned about the impacts of a

May 28th, 2020Committee meeting

Michael Crothers