Mr. Speaker, there's an old saying about shutting the barn door after the cows have left the barn. We have no oil and gas development production going on in the Northwest Territories as of this date. If you look around the territory, there's not one drop of oil being produced. A large part of this is the oil and gas moratorium in the Beaufort where everything is shut down and, since then, there's been no other oil and gas development. People have lost confidence in their ability. If the federal government can wipe away trillions of dollars of oil and gas in one swipe, then how do you expect industry to invest millions of dollars to develop? As a government, if there is no activity what do you want these people to do? If there is nothing going on, do you want them to sit there? That is why we have taken the approach that we are going to get ready, we are going to develop an oil and gas strategy, and when oil and gas industry comes back, if it comes back, we will be ready to go. Thank you, Mr. Speaker.
Bob McLeod on Question 811-18(2): Offshore Drilling Policies
In the Legislative Assembly on June 2nd, 2017. See this statement in context.
Question 811-18(2): Offshore Drilling Policies
Oral Questions
June 1st, 2017
See context to find out what was said next.