Thank you, Mr. Chair. I myself have a whole lot of confidence in our partners and Indigenous governments to effectively represent their interests. It seems that certain Members may not share that confidence.
Zones cannot override requirements under any other legislation. The favourable terms are limited to how mineral interests are acquired and maintained. They cannot cover things like water or environmental rules, which are rightly enshrined in other legislations. We plan to set out the baseline of what kind of incentives are allowed within a zone in regulations in partnership with Indigenous governments and stakeholders. We don't believe that this is all that different than regimes in places like Manitoba, Ontario, and the Yukon. Members can rest assured that there are examples in place.
Furthermore, we believe that the checks and balances offered by the Executive Council engagement with Indigenous governments is more than enough to prevent this kind of issue. We should also note the reality that exploration is driven by geology and not by incentives. Incentives are simply a tool to enhance how and where that happens. Thank you, Mr. Chair.