Madam Chair, I appreciate that commitment. This is not just coming from me. This was a recommendation from the Standing Committee on Economic Development and Environment in the last Assembly during the review of the Mineral Resources Act in that report, and also in the transition report that the standing committee brought forward. This needs to be an independent review. It cannot be left to the department alone and the consultant.
Look, when Alberta reviewed its royalty regime and a way of retaining benefits from oil and gas, what they did was they appointed a blue ribbon panel of experts. They went out, had public hearings. They commissioned some of their own work. That kind of independent review has never been done because the federal government wouldn't do it. We've taken this on since devolution and done nothing with it, and we owe it to our citizens to make sure that we are retaining the right amount of benefits from this.
I'm just going to give a couple of examples: $30 billion worth of diamonds have left the Northwest Territories; $30 billion worth. We have a heritage fund that's $26 million. We started the heritage fund way too late, and I know there are other benefits that we have accrued from diamond mining. When we are actually raising more money from tobacco and alcohol sales than we are from resource revenues, that's a problem because there's a billion dollars' worth of diamonds leaving here every year, and all we're retaining in resource revenues is around $30, $40, $50 million? That's not good. That's not what our citizens deserve. Thanks, Madam Chair.