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Environment committee  I would say that this year we're probably spending several hundred million dollars on decarbonization, and probably on advertising it's closer to maybe $10 million, something like that.

June 6th, 2024Committee meeting

Rich Kruger

Environment committee  Yes, Canadians like our Petro-Canada site, so they tend to go there.

June 6th, 2024Committee meeting

Rich Kruger

Environment committee  Yes, I'll comment. Your premise, your suggestion, is that shutting down the oil sands makes the world a better place. I don't subscribe to that theory because I think of what we're doing on—

June 6th, 2024Committee meeting

Rich Kruger

Environment committee  I thought that was the basis of your question.

June 6th, 2024Committee meeting

Rich Kruger

Environment committee  I thought that was the basis of your question. I thought you started it by, if you shut down the oil sands, doesn't it come from somewhere else? I'm sorry, my misunderstanding. I'll let you clarify.

June 6th, 2024Committee meeting

Rich Kruger

Environment committee  I believe so.

June 6th, 2024Committee meeting

Rich Kruger

Environment committee  If you look at the energy sources and at the seriatim of carbon intensity, coal would be at the higher end of that. Here in Canada, coke-fired boilers would be at the higher end of that. As we go to fuel switching—to natural gas, in our case, or providing clean-burning natural gas to China that displaces the need to build coal-fired plants—you are reducing the intensity of the global energy grid.

June 6th, 2024Committee meeting

Rich Kruger

Environment committee  If Canadian oil and gas were shut down tomorrow, I don't think global emissions would improve. The oil and gas would just come from other jurisdictions—jurisdictions that would have a variety of carbon content and certainly a much lower standard of ESG in general. I believe that because I've worked in many of those countries.

June 6th, 2024Committee meeting

Rich Kruger

Environment committee  First of all, I joined this company at a time when employees and contractors were getting hurt. The company was grossly underperforming. My mission was to ensure people are safe each and every day, and that we could perform up to the standards of our shareholders and, quite frankly, the province and the federal government.

June 6th, 2024Committee meeting

Rich Kruger

Environment committee  I think you're making the point I made earlier. Canadians nationwide expect business leaders and political leaders to work together to benefit Canada with this tremendous endowment of resources we have and to do it in the right way that benefits Canadians and the globe. Quite frankly, that was what I had to say in my opening comments.

June 6th, 2024Committee meeting

Rich Kruger

Environment committee  None that I'm aware of.

June 6th, 2024Committee meeting

Rich Kruger

Environment committee  I think we're doing that. We're spending material money. As I referenced, whether it's cogeneration investments, fuel blending, biofuels or energy efficiency, I think we're doing that in a way that is economic, keeps our business strong and can attract capital while, at the same time, reducing the carbon content of what we produce and how we produce it.

June 6th, 2024Committee meeting

Rich Kruger

Environment committee  Fundamentally, I don't agree with most of what you just said, but rather than going through point by point, I think the challenge is framed wrong. Climate change does not go around a border. It's the climate. It's the globe. If Canada can export cleaner burning natural gas, if it can export lower carbon oil to offset demand that will be consumed elsewhere, that makes the world a better place.

June 6th, 2024Committee meeting

Rich Kruger

Environment committee  We have high hurdles in Canada in terms of regulatory requirements, which is fine. One of the challenges we have is that we're laying on regulatory requirement after requirement, which brings about complexity and a burden. It's like playing hockey, but the net's moving. The net keeps moving—

June 6th, 2024Committee meeting

Rich Kruger

Environment committee  You know, maybe my colleagues Jon or Brad, on the Pathways Alliance side of it.... I can comment, but you guys have been very close to it for years.

June 6th, 2024Committee meeting

Rich Kruger