Natural Resources committee  Rules of thumb would say about 30 cents of every exploration dollar is retained in-country, and that goes up to about 50% of every development dollar and as high as 90% of every production dollar. When I say $9 billion, 30% of those dollars are retained in the pockets of Canadians, from folks who work on the supply boats, the helicopters, the drill rigs, stevedores, and so on.

Natural Resources committee  Thank you for the kind invitation to speak to you this morning from Houston. I'm here as part of a Canadian delegation promoting our offshore. You've pretty much seen a sample of that in that video. The story I have to tell this morning is going to be one of geoscience and how the acquisition, interpretation, and dissemination of geoscience have really transformed our offshore in just a couple of years.

Natural Resources committee  That's correct.

Natural Resources committee  That's fine.

Natural Resources committee  Thank you. [Video presentation]