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Natural Resources committee  A decision has been made on the project, but I know there is some interest in—

May 9th, 2022Committee meeting

Shannon Joseph

Natural Resources committee  A number of studies show that liquefied natural gas is an important energy source that could help reduce greenhouse gas emissions in a number of countries that are currently dependent on coal and are increasing their coal consumption.

May 9th, 2022Committee meeting

Shannon Joseph

Natural Resources committee  I could send you this information later, but —

May 9th, 2022Committee meeting

Shannon Joseph

Natural Resources committee  Our members have many initiatives, including Canada's Oil Sands Innovation Alliance and also an initiative called CRIN, the Clean Resource Innovation Network. Our conventional producers are working together in a number of technology initiatives. I think the thing we're all conce

May 9th, 2022Committee meeting

Shannon Joseph

Natural Resources committee  I'll have to look into that further, because that number includes royalties collected by B.C., Alberta and Newfoundland, and it includes corporate tax revenues and municipal tax revenues. It would be difficult to break those down because, for example, a city like Calgary might ge

May 9th, 2022Committee meeting

Shannon Joseph

Natural Resources committee  I agree with you that all forms of energy are important and that Canada produces it with a focus on emissions reductions. Our oil sands producers have been decreasing their emissions by 8% and 14% in the last 10 years, depending on the type of production. They want to go further,

May 9th, 2022Committee meeting

Shannon Joseph

Natural Resources committee  I think the most important driver in terms of jobs is going to be global demand for energy, which is still increasing. Yes, our members are doing everything they can to reduce emissions and to drive efficiency, but as long as the world is demanding energy, there are going to be j

May 9th, 2022Committee meeting

Shannon Joseph

Natural Resources committee  Our members worked with the Government of Canada and we announced the potential for an additional output of the equivalent of 300,000 barrels per day to help meet the needs. A lot of that would flow through the United States and, with the increase in overall supply, would support

May 9th, 2022Committee meeting

Shannon Joseph

Natural Resources committee  I would just say from a general perspective, policies that create regulatory certainty and efficiency, that cut down on the time to get permitting done and construction addressed, things that provide certainty for investors about the direction we want to go in and the role we wan

May 9th, 2022Committee meeting

Shannon Joseph

Natural Resources committee  It would disproportionately impact first nations jobs, because the resource projects occur in those communities in those areas. Many indigenous business owners, and I'm thinking of the oil sands, in particular.... There's about $2.4 billion annually in procurement with first nati

May 9th, 2022Committee meeting

Shannon Joseph

Natural Resources committee  That strategy is already working in Canada and around the world. We have systems that are working in Saskatchewan. That is why in Norway, in the United States and anywhere this issue is being taken seriously, investments are being made in carbon capture. That is what we want to d

May 9th, 2022Committee meeting

Shannon Joseph

Natural Resources committee  I'll just say that $20 billion is the average paid to all orders of government.

May 9th, 2022Committee meeting

Shannon Joseph

Natural Resources committee  What situation are you talking about?

May 9th, 2022Committee meeting

Shannon Joseph

Natural Resources committee  I think there are major opportunities right now to bring an energy solution to these issues.

May 9th, 2022Committee meeting

Shannon Joseph

Natural Resources committee  Is certainly an improvement over the period when the oil price was negative.

May 9th, 2022Committee meeting

Shannon Joseph