Absolutely. I mentioned in my presentation the Grays Bay road and port project. I also mentioned a little bit about devolution and the moratorium on oil and gas. Of course, any kind of construction investment that the federal government has for Nunavut also benefits all other southern jurisdictions. As you know, all our construction material, all our equipment, and everything else has to be shipped up from southern jurisdictions. If Nunavut does good, southern jurisdictions also do very well. When it comes to increased costs, however, because of the carbon price, we have to pay that for the other jurisdictions. It drives our cost up.
One of the things I mentioned before is that with this oil and gas moratorium, while we're in the middle of our devolution negotiations, that's.... I'll be fairly blunt with this. At the end of the day, the territory of Nunavut is a potential economic engine for the nation going into the future. We're rich in minerals. We have precious base metals. Opening up the geological region, the Slave region, for Canada with that infrastructure will create many jobs for a long time. I'm talking about generations. I guess I could compare it to building a railroad from the east across to the west.
It has to happen soon. This will be our economic activity for the nation going into the future, and it's very difficult to do at this point. We do want to become self-sustaining and contribute to the nation. One way of doing that is through good devolution agreements with our federal partner.
At this point, I see it as being very difficult. The major potential source of revenue going into the future, of oil and gas for the territory, just doesn't exist anymore. Although it's a five-year moratorium, it will be very difficult to talk about oil and gas while we're sitting at the negotiating table. As a territory, we do want to become self-sustaining. We do want to contribute to the nation and have our people employed. There is just no other way. At the end of the day, however, that makes it extra difficult. We do not want to become reliant on Ottawa to give us our funding year after year. We do want to become self-sufficient.