Natural Resources committee  From our perspective the real key comes down to how this act will apply in practice, domestically in particular. We would want to be working quite closely with the government to establish parameters around how we would be disclosing our payments. The industry we're in is very complex, so the types of payments are relatively comprehensive and the types of operations can be quite complex and differentiated.

Natural Resources committee  I think the key benefit of this legislation would be improved disclosure in foreign jurisdictions, frankly. Our assessment is from a domestic perspective. There is a pretty substantial level of accountability that already exists within Canada, at a municipal and provincial level and federally.

Natural Resources committee  Thank you, Mr. Chair and committee members, for the invitation to speak today on the proposed extractive sector transparency measures act. As you know, CAPP represents companies large and small that develop and produce natural gas and crude oil throughout Canada, representing approximately 90% of Canada's natural gas and crude oil production.