I do not know if I can give a better answer, Mr. Minister, but I can give a different perspective on it. The fact is that they have a lease that has been agreed to, the securities held have been agreed to, and, until that lease is up for renewal, we could not go back and increase it. I think it is well known that securities are based on risk, you run a risk model, and they are not operating. As a matter of fact, right now, they are shut down, so the risk is very low, and the securities that we hold on that lease right now are plenty sufficient. Like I mentioned before, if they clear all the hurdles and they eventually go for production, before they can do that they have to renew those leases and get added leases, and at that time we would increase the security to make sure that the Government of the Northwest Territories is well protected for any environmental problems or, heaven forbid, a disaster. Thank you, Mr. Chair.
Mr. Hagen on Consideration in Committee of the Whole of Bills and Other Matters (Reversion)
In the Legislative Assembly on February 22nd, 2018. See this statement in context.
Consideration in Committee of the Whole of Bills and Other Matters (Reversion)
Consideration in Committee of the Whole of Bills and Other Matters (Reversion)
February 22nd, 2018
Hagen
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