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February 14th, 2008Committee meeting
Avrim Lazar
Natural Resources committee Have you ever seen the picture of the giant-sized meteor coming close to earth and all the steel-built houses going zip into the air and the wooden ones staying?
February 14th, 2008Committee meeting
Avrim Lazar
Natural Resources committee I don't know. Tom, do you know?
February 14th, 2008Committee meeting
Avrim Lazar
Natural Resources committee You'd have to go back to the shareholders, but just sitting around my boardroom table, where we have about 75%, three-quarters of the headquarters are in Canada. Maison-mère is in Canada. It's a global industry.
February 14th, 2008Committee meeting
Avrim Lazar
Natural Resources committee Exactly. Having Canadian headquarters is great for research money, for the jobs associated with the headquarters, for the intellectual capital, or for the building of an economic cluster, but whether you're sitting in Helsinki, in North Carolina, in Seattle, in Montreal, or in Va
February 14th, 2008Committee meeting
Avrim Lazar
Natural Resources committee It won't be that hard to get me to talk about these things. When it comes to international finance and investment, it's really not as complicated as you might think. There's a bunch of people sitting around the room, and in the middle of the table is a pile of money, the capital
February 14th, 2008Committee meeting
Avrim Lazar
Natural Resources committee What happens when you cherry-pick is that the most effective MP gets the money to their mill. We don't want it to go to the most competitive MP, we want it to go to the most competitive mill.
February 14th, 2008Committee meeting
Avrim Lazar
Natural Resources committee Certainly refundability is a huge step in the right direction. I know that some people say it costs lots of money, but it's money that is a credit to our accounts. It's just a question of whether we get it when we're profitable or before we're profitable. It's the same amount. I
February 14th, 2008Committee meeting
Avrim Lazar
Natural Resources committee Partner with the industry, don't partner with companies--but yes.
February 14th, 2008Committee meeting
Avrim Lazar
Natural Resources committee It's why I was suggesting the use of the tax instrument, because it applies generally to anybody who makes an investment. If you start investing in individual companies, individual mills, you're basically disadvantaging all the others. Then you also end up with the lack of agilit
February 14th, 2008Committee meeting
Avrim Lazar
Natural Resources committee Exactly.
February 14th, 2008Committee meeting
Avrim Lazar
Natural Resources committee Yes, and there's also another way--branding Canadian products, expanding the non-residential market for wood products in the United States, expanding the market for our pulp and paper wood products around the world. Branding Canadian products helps the whole industry. We wouldn't
February 14th, 2008Committee meeting
Avrim Lazar
Natural Resources committee Maybe I'll start, because I'm quite familiar with Mr. Roberts' work. It's a fairly simple thesis: if you want to know where people are going to make money, you've got to ask where scarcity is going to be. Is it going to be in PhDs and engineers? I don't think so, because China a
February 14th, 2008Committee meeting
Avrim Lazar
Natural Resources committee We're talking about federal programs, and I would point out that there is one program that's working very well. It's the ecoENERGY Initiative. The emphasis was previously placed on wind projects. Now biomass projects are eligible. However, there isn't enough money for those proje
February 14th, 2008Committee meeting
Avrim Lazar
Natural Resources committee Industry loves the government paying EI to workers. Of course we won't object. Extended EI does work for both the community and the industry because it allows us to keep our worker base in place for a longer period of time during transformation. Like you, I end up having conver
February 14th, 2008Committee meeting
Avrim Lazar