Thank you, Mr. Speaker. That confidential briefing was provided to Members two weeks ago. It included a risk matrix. I also committed during that meeting to provide Members with an updated risk matrix.

We don’t have a funding agreement with the federal government. We haven’t wrapped up negotiations with the Inuvialuit on royalties and land tenure. There are some things that we have to finalize before we can get that number into committee and get another presentation before the standing committee. No decision has been made on this project. We are still awaiting word from the federal government. Thank you.