Thank you, Mr. Speaker. Earlier today the Minister of Industry, Tourism and Investment made a Minister's statement, and I will quote from it: "Royalties directly impact the profitability and viability of resource development projects in the NWT" and that, "further, we will not be reviewing our resource royalty regime as part of the work on the proposed act."
One of the stated public goals of the act is to create a cutting-edge mineral resources regime in the Northwest Territories. If royalties affect our competitiveness so much, why is the Minister indicating that we are not going to address that? Thank you.