Thank you, Mr. Speaker. The GNWT position is that the federal ownership and a share of that oilfield is in lieu of resource royalties. Therefore, the profits they make from that ownership should be subject to the same rules as any other resource revenue sharing arrangement. The federal government is of the view that they should be able to take the profits out of their equity share and not have to pay royalties on it. We don't agree with that. Mr. Speaker, we are firm on that position. The revenues need to be shared with us as a government as part of the resource revenue sharing deal. Thank you, Mr. Speaker.
Joe Handley on Question 191-15(5): Norman Wells Oilfield Revenues
In the Legislative Assembly on October 25th, 2006. See this statement in context.
Return To Question 191-15(5): Norman Wells Oilfield Revenues
Question 191-15(5): Norman Wells Oilfield Revenues
Revert To Item 6: Oral Questions
October 24th, 2006
Page 469
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