Thank you, Mr. Chair. We are all pressed for time, so we are doing the best we can, I think. The House is doing the best it can.

On the motion proper, I think that there is a need for a more global transparency environment that kind of governs how we do this across the board, not just for the minerals industry, but also for oil and gas, and that might be a standalone piece of legislation. It might be consequential amendments, a bill that amends several pieces of legislation to deal with this, but just putting the cart before the horse in regards to what we know is coming, a comprehensive review, I think that this is too soon.

My fear with this is that, if these royalties don't come in to a degree that provides public confidence, let's say, that mines are paying their fair share, because it is only judging royalties and not judging the other revenues we face, we could politicize this issue to a point where it becomes unhelpful. I would suspect that that might be the Minister's concern at this point as well. If we do a complete picture, we take a holistic look at all of the fees, all of the taxes, everything that has been done, because we do things differently in the Northwest Territories, then we can come to a clear picture of the costs and benefits of the mining regime and make a plan to deal with transparency.

If anyone knows me, it's that I stand for transparency, but we have to do it in the right way, and I would like to see a more comprehensive approach to our extractive sectors across the board. Again, whether that is a new piece of legislation or a new act that provides consequential legislation, that is the way to go, so that we are not coming back to this factor.

At this point, I can't support this motion. I think that it is a commendable effort to raise this again, but I think that we need to wait for that more global approach to everything that is wrapped up into this issue. Thank you.