One presenter alluded to the situation that we have this year in the Beaufort Sea.
A week or so ago, I went in front of a committee on sovereignty that was travelling around the north. They went to Iqaluit and Inuvik, and then they came down here and met with me and a couple of other people. I had a good opportunity to talk to them about exactly the same thing.
In fact, 40% of Canada's coastline is on the Arctic coast. We have no ports in western Canada. Sovereignty is a big issue for us. We have more sea traffic that we've seen coming in the last few years, even though we had a challenge this year.
We're working closely with the ocean protection application. We just announced a few days ago that they have supported our application on double-haul barges so we can deliver to these communities in a more timely, safe and effective manner. That's going to help a little, but that doesn't eliminate the port conversation that we need to have if we want to develop any type of offshore liquefied natural gas plant to support what's available.
As I said in my presentation, I believe most people don't realize the potential we have in the Mackenzie Valley Highway and the Beaufort around oil and gas. We have trillions of cubic feet of gas and billions of barrels of oil that are locked there due to lack of resources, and a port there would certainly make a big difference, not just to help us develop our economy but also around sovereignty.