Firstly, as we talk about the non-renewable resources sector, we have to as well not only put savings aside because of the depletion rate and the fact that there is not going to be any more once it’s gone, but we also have to focus on opportunities like the fibre optic line up to Inuvik that would create a whole industry that’s not based on the non-renewable resources sector that would allow us to have other forms of income, which I believe is what Norway has done as well. They’ve kept the money out of circulation so that it doesn’t skew the economy so you don’t have that sort of false economy tied strictly to the influx of oil dollars.
This is, as the Member has indicated, an instrument that starts the process. As it develops, there will be accompanying development of policy and more on the regulations, how things get managed, if there’s money put aside. We have 21 years that the fund will be sitting there. I would suggest into that 21-year period there will be a review of where to next, so that we have this type of full discussion. I would suggest that myself for sure probably won’t be around the table 10 years from now, but that discussion will have to take place by legislators of the day.
I will be, if we get this act passed -- which I’m assuming we will -- it will be on the table for the incoming government along with the all the fiscal information we have and all the work that’s been
done in relation to this act. I, as well, am partial to the Norwegian model and think it has great merit.