Thank you, Mr. Speaker. My apologies for my previous misstep.
The reference is to the Commissioner’s Land Act. It’s not the Property Assessment and Taxation Act to which we refer.
Mines without financial security are often abandoned, and the cleanup then reverts to either the federal government or the Territorial government. Giant Mine is, unfortunately, an excellent example.
What is required is a small change to the Commissioner’s Land Act to require companies that are leasing land from G.N.W.T. to provide financial security. This change can be a huge motivator to industry to respect the environment.
When such a small change can have such a big effect, can the Minister advise when the security will be put in place through an amendment to the act? We have three years, or a little bit more, left in our reign. Let’s get it done.