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Natural Resources committee  Certainly, the idea is to build up the oil and gas sector in Atlantic Canada so that Atlantic Canadians do not have to go to Alberta to work two weeks on and two weeks off. In Newfoundland and Labrador, the offshore oil industry right now accounts for one third of their GDP, and the idea is to continue to build that up so that people don't have to go back and forth.

March 4th, 2014Committee meeting

Colleen Mitchell

Natural Resources committee  Absolutely. We'll take the engineering sector as an example. Consulting engineers in New Brunswick are constantly looking for engineering solutions to the oil and gas industry. One that is coming currently as we are speaking is the processing of waste water from natural gas exploration activity.

March 4th, 2014Committee meeting

Colleen Mitchell

Natural Resources committee  As an example, for Nova Scotia, there's $4 billion in offshore investment going out to 2025, which generates $700 million in royalties during that period. New Brunswick has larger proven and probable reserves, natural gas. That's the kind of economic impact we're talking about. What would have to happen to develop those is right now we do have the regulatory framework in place.

March 4th, 2014Committee meeting

Colleen Mitchell

Natural Resources committee  I think that's exactly the potential we have here presented before us with respect to the natural resources that we know we have in New Brunswick, in particular, in this case, speaking of natural gas. It's to look at the opportunity for Atlantic Canada, and particularly New Brunswick, and further developing our natural gas specifically from shale formations, just as other regions in North America have done.

March 4th, 2014Committee meeting

Colleen Mitchell

Natural Resources committee  At this particular time, it's at the preliminary stage with respect to determining exactly how much of the crude oil would be supplying Quebec refineries versus the refinery in Saint John. Certainly, the Saint John, New Brunswick, refinery has the capacity to receive this and to upgrade it.

March 4th, 2014Committee meeting

Colleen Mitchell

Natural Resources committee  The benefits are that we have a small production of natural gas in the province, in particular with Corridor Resources and signing with the various pipelines, Maritimes and Northeast, and with Enbridge. We also have Canada's largest oil refinery, the Irving Oil refinery, producing approximately 300,000 barrels a day.

March 4th, 2014Committee meeting

Colleen Mitchell

Natural Resources committee  Good morning Mr. Benoit, Chair, and members of the Standing Committee on Natural Resources. Thank you for the opportunity to address this committee and assist in supplying information on the benefits of developing the oil and gas sectors specifically as it applies to Atlantic Canada.

March 4th, 2014Committee meeting

Colleen Mitchell