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January 31st, 2022Committee meeting
Pierre-Olivier Pineau
Natural Resources committee I must confess that I don't understand why we are talking about hydrogen here when we talk about this program. I think you're absolutely right: the premise of blue hydrogen relies on CO2 capture, which is still very expensive and commercially unproven. There have been big failur
January 31st, 2022Committee meeting
Pierre-Olivier Pineau
Natural Resources committee Thank you for your question, Mr. Simard. In general, I fully agree with your analysis. The federal government and several provincial governments are very quick to provide subsidies to develop and support various industries. What you're saying about the oil industry is true, in
January 31st, 2022Committee meeting
Pierre-Olivier Pineau
Natural Resources committee The quick answer is no; we don't have the infrastructure, but the problem is not EVs. The problem is not the lack of EVs. The problem is we have too many cars and too many big cars in Canada. The geography of Canada hasn't changed during the last 20 years, but the number of cars
January 31st, 2022Committee meeting
Pierre-Olivier Pineau
Natural Resources committee It's interesting to look at the question from that angle. I've been to Fort McMurray. I've looked at many oil sands facilities and their emissions. The intensity of emissions is declining, and that's good. You're also right in saying that oil and gas production in Canada is actu
January 31st, 2022Committee meeting
Pierre-Olivier Pineau
Natural Resources committee Good afternoon. I want to thank the committee for inviting me. I'll just start by saying that, at the start of the pandemic, in May 2020, oil prices fell quite quickly to record lows. Western Canadian Select was down to $3.50 per barrel. This hurt Alberta businesses tremendously
January 31st, 2022Committee meeting
Pierre-Olivier Pineau