Refine by MP, party, committee, province, or result type.
Natural Resources committee Let me try to take a slightly different approach to that. In India you can build a million-barrel-a-day refinery, which they're doing today. They have a local market that supports that refinery. There are profits from that local market—it's close by. So they build the profitability base in that plant off their local market.
February 2nd, 2012Committee meeting
John Quinn
Natural Resources committee I wouldn't even want to try to take a guess at that—
February 2nd, 2012Committee meeting
John Quinn
Natural Resources committee Well, some of it will come out of, say, refineries; it's a light end product out of a refinery.
February 2nd, 2012Committee meeting
John Quinn
Natural Resources committee It has to be blended with something else, so it's blended with a condensate.
February 2nd, 2012Committee meeting
John Quinn
Natural Resources committee —because I don't know. I'm here to represent refining.
February 2nd, 2012Committee meeting
John Quinn
Natural Resources committee That's correct.
February 2nd, 2012Committee meeting
John Quinn
Natural Resources committee It's a heavy oil that's exported. It's blended with diluent or synthetic crude to allow it to flow. It doesn't have sand in it, for example.
February 2nd, 2012Committee meeting
John Quinn
February 2nd, 2012Committee meeting
John Quinn
Natural Resources committee You make a very good point. There's an enormous amount of labour and technology involved in extracting bitumen and putting it in a form that can be placed in a pipeline and transported.
February 2nd, 2012Committee meeting
John Quinn
Natural Resources committee What I will say is that our biggest challenge in Suncor in the next five years.... We have a growth plan. Today, in fact, our upgrading of bitumen into synthetic crudes is pretty much balanced with our extraction of raw bitumen. We are a big upgrading company. We will produce more bitumen going forward than we will upgrading capacity, but still, we are very much about upgrading to synthetics.
February 2nd, 2012Committee meeting
John Quinn
Natural Resources committee I'm not here to speak for the other companies. I'm really not here to speak for Rick either. He is on record for—
February 2nd, 2012Committee meeting
John Quinn
Natural Resources committee Absolutely.
February 2nd, 2012Committee meeting
John Quinn
Natural Resources committee We sure do. In fact, diesel is probably the one we're most concerned about, because it has a tolerance of only 15 parts per million of sulphur delivered into the customer's tank. We actually produce diesel at our sites with probably around five parts per million of sulphur. We inject in the lines.
February 2nd, 2012Committee meeting
John Quinn
Natural Resources committee Yes. In fact, our current CEO, Rick George—who, as most people are aware, is stepping down in May, but he is still our CEO—has been quite vocal on the subject and very supportive of a national energy strategy. I think what he would say is that it needs to go beyond energy production.
February 2nd, 2012Committee meeting
John Quinn
Natural Resources committee Let me just talk about Suncor's experience here. Previous to that, of course, we merged with Petro-Canada a few years back and with what the Petro-Canada experience was. The Oakville closure was brought up. That was a refinery in Oakville, Ontario. It came down in 2005. That was a very tough decision.
February 2nd, 2012Committee meeting
John Quinn