Natural Resources committee  No, we don't. We don't administer those kinds of financial mechanisms.

Natural Resources committee  The regulatory framework, specifically for federally regulated pipelines, is about assessing the impact that the project will have on Canada's ability to meet its climate commitment. In terms of an assessment of a full life cycle of GHG emissions for any given energy source, this

Natural Resources committee  The regulatory proceeding that will be undertaken to evaluate the appropriateness of the tolls of the expanded system will be public for all Canadians to see. There are sometimes instances where some segments are confidential, but that remains to be determined. But by it's very n

Natural Resources committee  I have read the report. It's not for me to judge whether the report is accurate or not. There are certain assumptions that are disclosed in the report. Other assumptions and mechanics such as the cash flow analysis is not public, so I cannot opine on whether it's accurate or not.

Natural Resources committee  Absolutely, that is what I will share. Yes, I agreed to that with Mr. Simard.

Natural Resources committee  What you describe is our projection from our “Canada's Energy Future 2021” report, which was under the evolving policy scenario. This means we have projected what would be the production of oil and gas in a context where Canada's climate policies were to become increasingly strin

Natural Resources committee  I cannot confirm that. What I can confirm, though, is that the methodology that will be used to calculate the final tolls on the pipeline was approved in 2013. That methodology includes certain cost categories that are capped, and some that are not capped. This means that to the

Natural Resources committee  I cannot confirm that, because that particular analysis, with all of the actual numbers and mechanics to do it, will be the subject of an application that is yet before the commission. I know the numbers you are citing have been floating around in the media. Some might have been

Natural Resources committee  First of all, the documents that explain how the tolls are going to be calculated are transparently available on the Canada Energy Regulator's website. I assume the government consulted them before making a decision on the pipeline purchase. Secondly, you talk about tolls, so th

Natural Resources committee  We can easily follow up and pass on—

Natural Resources committee  No, there was not. We are a regulatory body—

Natural Resources committee  First, the government's purchase of the pipeline was not subject to a decision by the Canada Energy Regulator, as it was an equity transaction by the government. As a regulator, we had no specific role to play. Second, while the government did not seek the advice of the Canada E

Natural Resources committee  Thank you, Mr. Chair and honourable members. My name is Jean-Denis Charlebois, and I am chief economist at the Canada Energy Regulator. I am joined by my colleague Jess Dunford, director of major projects oversight at the CER. I want to acknowledge to you today that I am speaki

Natural Resources committee  Sure. As Ms. De Silva mentioned, we make projections based on a series of assumptions. Some of the key assumptions underlying the oil production forecast are that there will be an increase in carbon pricing, which has been announced, and, depending on the scenarios, there will b

Natural Resources committee  We really run two scenarios, one based on current policies and another based on evolving policies. We don't make specific assumptions about whether or not specific projects are coming online. As I mentioned, our production forecast is based on, most importantly, the price of oil,