Madam Chair, first of all on resource revenue sharing, the latest proposal we have put to the federal government is that we would accept the $30 million net fiscal benefit, on the condition that they would put in a percentage of resource revenues as being part of the package. We would then sign an agreement-in-principle, and get on with negotiating a final agreement. So that's our offer. Give us net fiscal benefit, plus a percentage.
I think the Member is referring to the article that appeared in the National Post today, saying that it is rumoured the federal government was taking a 20 percent equity position in the pipeline. I might say, Madam Chair, that the federal government has, since then, denied it, categorically has said no, we've never made such a proposal. But in the event it does happen that way, and if the federal government strikes a deal where they take an equity position, and that equity position is not based on buying a share in cash but, rather, on forgiven royalties, then, yes, it would have a big impact on us, and we would insist that in that event, that that royalty holiday be taken into consideration. In fact, that the equity position be treated as being in lieu of royalties. We don't want to go through the Norman Wells argument all over again. So, Madam Chair, if we end up there, then, yes, we would make a strong case for that. Thank you.