Mr. Speaker, how the revenues from Norman Wells have been treated is a longstanding issue. The federal government takes the position that they have an equity share in the Norman Wells project, the pipeline and so on, therefore it's their revenue and it shouldn't be considered as part of the package of resource revenues. Our view has been that it is. What they have is an equity position in lieu of taxes. Therefore, it's the same as taxes. We have gone and gotten legal opinions on it that tell us that we are right. The federal government has gone and gotten opinions that say they're right. We are currently negotiating. The Norman Wells revenue is one of the six items that are being negotiated weekly as I speak. Thank you, Mr. Speaker.
Joe Handley on Question 467-15(5): Resource Revenue Sharing Negotiations
In the Legislative Assembly on March 9th, 2007. See this statement in context.
Return To Question 467-15(5): Resource Revenue Sharing Negotiations
Question 467-15(5): Resource Revenue Sharing Negotiations
Item 6: Oral Questions
March 8th, 2007
Page 1392
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