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Natural Resources committee I'm not sure if that was the question, or—
February 7th, 2022Committee meeting
Dr. Sara Hastings-Simon
Natural Resources committee One of the biggest infrastructure pieces are the transmission lines. It's to make the electricity lines that connect those provinces to their neighbouring provinces and to the U.S. much larger. We've already seen significant private-sector investment in Alberta in the build-out
February 7th, 2022Committee meeting
Dr. Sara Hastings-Simon
Natural Resources committee There certainly is financial support toward the electrification of transportation, both subsidies for vehicles and charging stations. I think the policies that are missing on transportation electrification are actually policies that would help make electric vehicles more availabl
February 7th, 2022Committee meeting
Dr. Sara Hastings-Simon
Natural Resources committee That's a big question. As far as opportunities to invest in clean technologies are concerned, as Professor Jaccard mentioned, a big part of the future energy system will be electric and electrification. There are substantial opportunities for the growth of wind and solar in the
February 7th, 2022Committee meeting
Dr. Sara Hastings-Simon
Natural Resources committee The certainty we would like to create from an increasing carbon price, I think, is not certain enough to be “bankable” or “financeable” for investors. I think that when industry is going to financial institutions to get loans or equity on the back of a rising carbon price, that i
February 7th, 2022Committee meeting
Dr. Sara Hastings-Simon
Natural Resources committee I have a point on that. Given that we have a carbon price within Canada, one that is planned to increase, I think it's really important that a tax credit be designed so that it does not provide a sort of unnecessary windfall to producers. If a tax credit is designed in a way that
February 7th, 2022Committee meeting
Dr. Sara Hastings-Simon
Natural Resources committee I think providing long-term certainty is critical in both policies and things like the price of carbon, for example. Finding ways to provide certainty will allow companies to make investments in technologies that reduce emissions, on the back of knowing the ultimate value of thos
February 7th, 2022Committee meeting
Dr. Sara Hastings-Simon
Natural Resources committee In answer to your question about the risk of what I understand to be carbon leakage, if we were to reduce production of Canadian oil and that production were transferred elsewhere, as Mr. Jaccard said, there are ways to avoid doing that by reducing the emissions. But if that were
February 7th, 2022Committee meeting
Dr. Sara Hastings-Simon
Natural Resources committee When you talk about the upstream emissions, it's important to count them all, as you say. Those are both process emissions and things like methane, as well, that I mentioned. If one is designing a cap around a specific sector, I agree with the comments of the other witnesses, t
February 7th, 2022Committee meeting
Dr. Sara Hastings-Simon
Natural Resources committee I have two thoughts on that. I think we are starting to see that companies are not investing in new greenfield production from, for example, the oil sands exactly for that reason. There are questions and a lot of doubt about the future of demand for that product. I think it i
February 7th, 2022Committee meeting
Dr. Sara Hastings-Simon
Natural Resources committee No. I think we need to get to net zero, but the current emissions by Canada's electricity sector for the use of electric vehicles is lower on a total life cycle basis.
February 7th, 2022Committee meeting
Dr. Sara Hastings-Simon
February 7th, 2022Committee meeting
Dr. Sara Hastings-Simon
Natural Resources committee No, my statement was purely about the sale of electric vehicles, independent of any change in demand or changes in traffic patterns.
February 7th, 2022Committee meeting
Dr. Sara Hastings-Simon
Natural Resources committee I'm sorry but I don't understand the question.
February 7th, 2022Committee meeting
Dr. Sara Hastings-Simon
February 7th, 2022Committee meeting
Dr. Sara Hastings-Simon