Natural Resources committee  Good afternoon, Mr. Chair and members of the committee. As a quick introduction, my name is Alex Templeton. I'm from St. John's, Newfoundland and Labrador. Professionally, I'm a partner of the Atlantic Canadian law firm McInnes Cooper, where I maintain a litigation and regulatory practice.

Finance committee  That's another aspect of our unique opportunity. We have the existing renewable generation and ultimately this opportunity to feed into it, and, as I said in my comments earlier, there continue to be hydro assets that are yet to be developed in this province, major assets. Those prospects are very good.

Finance committee  I would agree with that.

Finance committee  I don't have much more to add on that. I know it's something about which our members share the impression that, obviously, the Canadian response has not been as competitive as it could have been with respect to what the U.S. is offering. Again, to reiterate, that's one part of the puzzle.

Finance committee  I can speak briefly to that. What we see in the sector right now is, at times, there are a number of competing aspirations in what ultimately needs to be done. The Atlantic loop is a proposal concept that makes a lot of sense from our perspective and our members' perspectives.

Finance committee  I would simply reiterate what Mr. Leet has said. It is a confluence of very unique factors that are enabling the prospects in the province. I would just highlight that it really is also the added benefit of people like—

Finance committee  I'm sorry. I would just add to that list that people like Mr. Leet are business people who are prepared to take these risks. These are highly complex financial models, as you would expect, and there are lots of pressures on them. I would just reiterate the need for the federal government to come to the table with its piece of that complex puzzle, which is very much these ITCs and leveraging that opportunity.

Finance committee  Okay. Thank you very much, Mr. Chair.

Finance committee  Oh, I'm sorry.

Finance committee  Thank you, Mr. Chair. Good morning. My name is Alex Templeton. I’m a partner at the Atlantic Canadian law firm McInnes Cooper, where I maintain a litigation and regulatory practice serving clients in a variety of industry sectors, including offshore oil, renewable energy, aquaculture, traditional harvest fisheries and public administration.