We believe that if equivalency is adopted, there are efficiencies, in that you have the provincial assessment process that's carried out for the project, and the checks and balances that would be in place federally do constitute a review of that process and provide a degree of comfort by the minister with the processes that are in place before the provincial projects. Once there's that degree of comfort, it's essentially accepting the provincial EA process as adequate, and we'll take the outcome, and then there will be federal approval still required in the grand scheme of things.
On November 3rd, 2011. See this statement in context.