Thank you, Mr. Speaker. Like many northerners, I have a concern that the bulk of our wealth and future wealth is in the non-renewable resource sector. While we do have, certainly, many other opportunities in tourism and so on that are renewable, the big piece is non-renewable; diamonds and oil and gas being the big ones.

Mr. Speaker, we have been looking at this. Mr. Roland, the Finance Minister, and I have been talking with the federal government and with aboriginal governments. I wrote to the Prime Minister, Mr. Speaker, last summer and suggested to him that we have an interim resource revenue sharing arrangement put in place so we begin to have some of that revenue stay in the North sooner. I talked to the Prime Minister when he was in Inuvik in August. I talked to the Prime Minister about it when I met with him in September. I have written to the aboriginal leaders. I have talked with them on a conference call about the idea of interim resource revenue sharing and there was going to be a meeting with the Aboriginal Summit leaders this week, but unfortunately it had to be cancelled because some of the members just were not going to be able to make it. I intend to follow up with this at a meeting on October 26th with Ministers McLellan, Goodale, Blondin-Andrew, Scott and, I believe Minister Efford may also be there, too.

But we need to make sure, Mr. Speaker, that our resources are not mined out of the Territories and that we do not have in place some sort of agreement that ensures that that money is here to be reinvested for future generations. Thank you, Mr. Speaker.