Merci, Monsieur le President.
Recommendation 4
The Standing Committee on Economic Development and Environment recommends that the Government of the Northwest Territories analyse the net revenue benefits for the NWT.
The purpose of the Heritage Fund is to ensure that future generations of people of the Northwest Territories benefit from on-going economic development, including the development of non-renewable resources. Committee was concerned with the value of wealth that has been created through the Heritage Fund and recommends the Mining Fiscal Regime Review include an assessment of how to generate more wealth for future generations.
Recommendation 5
The Standing Committee on Economic Development and Environment recommends that the Government of the Northwest Territories generate greater mining revenues to benefit future generations.
As the GNWT can pursue wider government revenues from mining projects, those economic benefits will extend to Indigenous governments. Indigenous governments also have independent mechanisms to secure economic benefits directly from mining companies.
Recommendation 6
The Standing Committee on Economic Development and Environment recommends that the Government of the Northwest Territories expands Indigenous governments' economic benefit sharing.
Committee is not aware of any publicly available information on the steps, timelines, and opportunities for public engagement for the remainder of the review of the mining fiscal regime.
Recommendation 7
The Standing Committee on Economic Development and Environment recommends that the Government of the Northwest Territories make public, as soon as possible, information on the steps, timeline, and opportunities for public engagement for the review of the mining fiscal regime.
Mr. Speaker, I'd like to turn it over now to the MLA for Nunakput to conclude the committee report. Merci.