Natural Resources committee  I was specifically referring to involvement by both provincial governments and utilities. There are obviously some large utilities involved that are exploring other alternatives in energy generation. I would say it is less the case in our business on the municipal level, although

Natural Resources committee  In terms of our industry, we're certainly not saying that there aren't concerns meriting further study. Our point on the environmental front was that we need to coordinate various levels of environmental review and make it a streamlined process. I can tell you that in terms of

Natural Resources committee  In terms of project funding, because this is going to be and still is relatively unproven technology, there is a certain discomfort among investors who have a range of options in front of them in terms of the energy projects they can invest in. One of the keys to creating a via

Natural Resources committee  Sure. Again, one of the recommendations is.... I know there was a feed-in tariff introduced with wind through the WPPI initiative. I don't have the full name in front of me right now. That was an example of a mechanism that probably spurred on a great deal of project development

Natural Resources committee  I've already mentioned tax credits. We have a situation in which effectively we need a fairly significant source of funds for our projects. Where do those funds come from? For us, they come from our investors. The way we get investors is to demonstrate that this is an industry th

Natural Resources committee  The very first step that needs to be taken is to delineate the resources across this country and to identify, in terms of tidal energy and also river hot spots, areas that have good flow regimes and decent access to the grid for the example. If there's no decent access to the gri

Natural Resources committee  I have seven minutes; okay. Thank you, Mr. Chair, and thank you to the witnesses. I have a question for Mr. Gora. How would you qualify the current state of funding of R and D and innovation in the Canadian energy sector, please?

Natural Resources committee  I can qualify it by our own experience, which is that it involves a very critical mix of R and D tax credits, because in our business with our long development timelines, we spend a lot of money on labour and on capital costs because we're building demonstrators, we're using test

Natural Resources committee  Thank you very much, Mr. Chair. I'll be sharing my time with Mr. Nicholls. I thank our guests today. You're giving us a lot of food for thought. I'll start with you, Mr. Gora. You said you didn't mean to be critical, but...well, obviously the government is falling well short

Natural Resources committee  Mr. Gora, go ahead, please.

Natural Resources committee  I'll answer that question by saying that we're at a stage, in terms of tidal energy particularly, where we need to cross what is essentially a difficult gulf—namely, from a pre-commercial stage to maturing the industry as a real and viable generator of power, a real player in the

Natural Resources committee  Okay. To switch direction, how do you see your innovations and the things you folks are doing influencing either international markets or international technology developments? You talked a little about how you're tied into the international level. I think Mr. Gora probably

Natural Resources committee  Thank you very much for your presentation, Mr. Gora, president of Clean Current Power Systems. We'll now go directly to questions and comments, starting with a seven-minute round. Mr. Anderson, you have up to seven minutes. Go ahead, please.

Natural Resources committee  Thank you, Mr. Chair. I'd like to thank our witnesses for being here today. We don't have a lot of time, but Mr. Gora, would you take a couple of minutes to identify what specific technologies you are working on? You mentioned various technologies. Could you quickly give us

Natural Resources committee  As I said, we developed turbines for the generation of electricity through water currents, so we currently have two product lines. One is for river currents, so it's a smaller turbine that will sit on the riverbed and generate electricity through the current. The second product l