Mahsi, Mr. Speaker. There are seven trillion cubic feet of proven natural gas reserves in the Mackenzie Delta, Mr. Speaker, the object of a very high powered consortium to build a $7 billion project in the Mackenzie Valley. I know I have seen numbers in the neighbourhood of, potentially, 40 trillion cubic feet more natural gas that could be found.
Last week, Mr. Speaker, the value of that product was said at about 1,150 giga jewels, three times the historic average, even in the last few months, I think, Mr. Speaker. So it is astonishing to hear that Imperial Oil, the main proponent behind this pipeline, says that it is still not an economic deal in the long term. It is astonishing that they have gone, in such a late date, to negotiate, to wrangle what, I have heard it is estimated, some $2 billion worth of new concessions out of Ottawa through this program.