There are many reasons why provinces haven't established equivalency agreements with the feds. The fear of this five-year termination point.... Agreements get renegotiated all the time, extensions, if you will. I think what we're trying to establish here is that in the bad cases, when circumstances have changed, you want a trigger at the end that gives the federal government an easy way to say that conditions, technology, international agreements have changed, and we are entering into a new agreement. If the agreement is perfect and fine, and both parties are happy with it, an extension of that agreement for another five years is completely in order.
But I think it might mischaracterize the situation a little bit to say that the reason that there's only one equivalency agreement on this, between Alberta and the feds, and there have been no others, is because the provinces are worried about this five-year window that comes when the agreement might be terminated. If they seek to extend, and parties are happy, they'll extend a perfectly good agreement. I want us to be careful. The original drafters of CEPA, brought in in 1998, envisioned this as a positive step, not as a detriment to people entering into equivalency agreements.
Again, on the issues we're talking about, things change, and it seems foolhardy to have built into our act here something open-ended in terms of the time specified in the agreement, potentially forever. That just doesn't make sense in the world we live in.