I'd be very happy to, Minister.
As people around this table know, Bill C-64 has now reached third reading stage. That bill forms part of a larger plan that fundamentally changes the situation around vessels of concern, primarily by creating liability for abandonment of vessels, which has never existed in the past, but also by squarely positioning that legislation in a risk-based approach. That's the segue to the answer to your question, Ms. Jordan.
Our approach to those larger vessels is risk-based. You've already noted that we're taking action on some of the larger vessels that pose a more immediate risk, like the Kathryn Spirit and the Manolis L. We expect, as announced in January, a long-term plan for the Manolis L will be out this year. Kathryn Spirit is already being dismantled, or “broken” as we say.
As for the other large vessels, we have ongoing technical assessments scheduled for many of them. For Corfu Island, for example, the technical assessment is ongoing. The order in which those will happen are risk-based. For example, we'll be undertaking technical assessments of the Matterhorn and the Petrel this year. We have Cormorant down for next year.
As we're able to get to vessels, we get to them, and that generally then leads to a funding decision. Where we are dealing with the situation with a smaller amount, say, in the hundreds of thousands, we'll generally take that out of our environmental response program. Where you're into the territory of, say, a Kathryn Spirit, which is over $10 million, almost in the tens of millions of dollars, then a larger funding decision is required because we don't have the program dollars.