Natural Resources committee  Well, as I said in my opening statement, I think that putting a production cap in place is certainly possible. As I think almost everyone around the table here has been saying, that is not the goal. The goal is to have an emissions cap. The production cap is potentially the most

Natural Resources committee  Mr. Chair, I think Canada is relatively uniquely positioned to further the development of certain technologies related to carbon reduction. CCUS is one, and direct capture from the atmosphere is another one. We do have a pretty active energy industry in this country. I think we h

Natural Resources committee  For clarity, honourable member, are you talking about just within the Canadian domestic context or whether Canada could play a broader international role?

Natural Resources committee  Canada does have substantial resources of both oil and gas, so to the extent that there was a requirement for Canada or other nations to step in to fill the gap that was left by an isolated Russia, I think Canada would have the resource space to do so. In terms of the infrastru

Natural Resources committee  Well, as the member may be aware, TC Energy is actually an investor in the Bruce nuclear power plant. We are a substantial investor there, so we do believe that nuclear power can contribute to energy security and to a low-carbon future.

Natural Resources committee  Mr. Chair, the question of energy security, and potentially reliability, is one that requires long-term investments. One of the asks we would have of this committee and this government, as you're considering developing policy instruments related to emissions caps, is to take a lo

Natural Resources committee  Mr. Chair, I think there are two parts to the question. I'll try to address both of them. In my opening statement, what I was specifically referring to is the risk that a very prescriptive regulatory framework for an emissions cap would reduce the degrees of freedom for operator

Natural Resources committee  Mr. Chair, if I understand the question to be whether the industry can support R and D without government tax credits, the answer is yes, but in a globally and certainly continentally competitive environment, it's probably important to keep Canadian industry on the same footing a

Natural Resources committee  Mr. Chair, I'm not sure where the honourable member got the idea that I'm not, or my company is not, in favour of a cap. I actually indicated that we were in favour of it during my opening statements.

Natural Resources committee  Mr. Chair, I honestly don't know the answer to that question. I believe that right now there has been interest from government levels in supporting the development of this new technology. Just like any new technology, including some renewable energy sources, they were all support

Natural Resources committee  Mr. Chair, I think natural gas has already played an important role in transitioning to a lower-carbon environment. The United States has achieved dramatic reductions in their own GHG emissions by moving from coal to natural gas-fired power, and the same has happened in some juri

Natural Resources committee  I'm sorry. Could I ask for a clarification? Are you looking for a quantum of dollars or are you looking for a general statement about the kind of investment that would be required in this area?

Natural Resources committee  Thank you for the question. Mr. Chair, the quantum in terms of carbon capture and storage, even within the Alberta context, is probably going to require investments in the billions of dollars. The Alberta Carbon Grid, as envisioned right now, is probably on the order of magnitud

Natural Resources committee  Anything is possible. When we look across the North American environment, though, we operate in a competitive environment, especially with the U.S. The U.S. has an example of a tax credit for carbon capture and storage, which has probably led them to take a bit of a lead in ter

Natural Resources committee  Mr. Chair, the very nature of energy security, of course, is very much top of mind given the events unfolding, unfortunately, in eastern Europe right now, as is often the case. Yet we also saw the United Nations report come out currently, which paints this very bleak picture of a