Natural Resources committee  Since we're not having the discussion on ethanol, because there are no issues there, the only point we've made and will keep on making is that we're sure we can achieve 5% ethanol by 2010. But because of these discussions, as you can see, we're far from sure that the same could b

Natural Resources committee  I'm sorry, there is a...?

Natural Resources committee  This has been done; this is done.

Natural Resources committee  The biodiesel would have no sulphur, because it does not come from fossil fuel. If you add that, it will lower the concentration of sulphur in diesel. That's a plus, even though it would be a very small amount. You put 2% in something that already has just 10 parts per million, b

Natural Resources committee  The U.S. refining industry is very big and the Canadian refining industry is smaller, but the Canadian refining industry can produce at the same cost as the U.S. We beat them and we export, even though we're smaller. So you have an example of an industry that, albeit smaller, is

Natural Resources committee  I would support what has been said.

Natural Resources committee  Thank you. My comment about not rushing was specific to biodiesel. I said don't rush it, because instead of imposing it on the Canadian trucking industry, we believe it can be used in other ways that would provide the same benefits. In terms of a comprehensive policy, I think

Natural Resources committee  More time is needed. All I said is that 2010 is a bit too close to make a decision on biodiesel. As far as conservation is concerned, we're not very credible in the industry when we tell people to cut down on their consumption. However, we would like that to happen, for all sort

Natural Resources committee  It's resonating, because no Canadian government is going to tell you that they want to do something that is in clear contravention with NAFTA. But at the same time I know that it's probably the most difficult subject in terms of federal-provincial relations. If a province--not

Natural Resources committee  On the economics of petroleum, once you massively invest in renewable fuels, in a sense you're betting that crude prices are going to remain very high. Nobody really knows what's going to happen. The price of crude oil today is $70. That $70 is at least $20 of speculation and fea

Natural Resources committee  Ms. Bell, first you have to decide who pays, the taxpayer or the consumer. That's the first critical question. If you don't match what's happening in the U.S., the Canadian industry will just not take off. If producers are not as subsidized here as they are in the U.S., U.S. pric

Natural Resources committee  I can talk about the price of oil and ethanol but not about the impact on agriculture, which is not my specialty. Mr. Row or Mr. Teneycke might have an opinion on that. To tell you about the impact on oil products, let's try to simplify the issue by taking only the case of gaso

Natural Resources committee  It's probably an issue where there are nuances in the views of the CRFA and CPPI on renewable fuels. Basically we're saying we need to be cautious. We do not believe that between now and 2010 we could have a policy that articulated set targets for biodiesel, because for one thi

Natural Resources committee  Good morning, and thank you, Mr. Chairman. Thank you for the opportunity to present our views and answer your questions. The Canadian Petroleum Products Institute, the CPPI, strongly supports a national policy on renewable fuels. Our primary mission is to represent the refinin

Natural Resources committee  I will.