Natural Resources committee  It very likely will, yes. It's hard to imagine a situation where investors wouldn't try to recoup their investment from the income generated by the product they've invested in. It remains to be seen what the various trade-offs will be, and what the volume of demand will be for o

Natural Resources committee  I tend to agree, especially since, when it comes to carbon capture and storage strategies, it seems they are mostly banking on government subsidies. The subsidies must come from government revenue, which is financed through taxes. The costs have to be borne by someone, at some p

Natural Resources committee  Thank you, Mr. Chair. Members of the committee, I'm pleased to present my thoughts on the climate crisis and Canada's energy sector. My 11 years of experience as a university professor and researcher, particularly on reducing greenhouse gas emissions, inform my views. Greenhous

Natural Resources committee  I'm not sure what is being referred to. Do you mean carbon border adjustments or...?

Natural Resources committee  Good. The big challenge here will be moving from regulation that targets facilities to regulation that targets the product, because the facilities don't move, but the products get traded. In oil and gas, it's probably a little bit easier because projects are more homogenous. If

Natural Resources committee  In the medium term, it's hard to predict the future. The government has to have emissions regulations, but it's not clear whether oil and gas development will continue in the future or be replaced in large part by other energy sources. Most likely, it will eventually be replaced

Natural Resources committee  Thank you for the question. It's pretty hard to say at this point, because the costing has to be done over time. If these technologies were to become very effective in the future, then perhaps we would find that the amounts currently invested were not so high after all. However,

Natural Resources committee  I agree with that.

Natural Resources committee  If what we're trying to achieve here is decreasing GHG emissions, then that's what the cap should be on. There are definite possibilities of decoupling production from emissions. It's not certain at this moment if these possibilities will be economic in the long term. It's poss

Natural Resources committee  Thank you, Mr. Chair. Honourable members of the committee, it is with great pleasure and some humility that I offer my thoughts on the emissions cap for the oil and gas sector. My views are based on my detailed knowledge of Quebec's cap‑and‑trade emissions system and the economi