As I say, my broader definition of sovereignty includes the economic and social development of the Canadian Arctic for the benefit of all Canadians as well as the people of the Arctic. To me it seems to offer tremendous opportunities in respect of transportation, resource development, fisheries, tourism, etc. It's part of one of the locomotives that could help the Canadian economy as a whole.
We're not really there yet because of all the obstacles—not obstacles on purpose but obstacles in fact—that we have that are slowing down Arctic development. Meanwhile, on the other side of the border in the United States and in Alaska, we're direct competitors with, for example, the stranded oil and gas of the Beaufort Sea. We're seeing the Trump administration going gangbusters to develop every element of offshore oil and gas that they can.
We're in a competitive situation. We should be investing in the Northwest Passage, even if we don't call it that necessarily, but we should be investing in the commercialization of the Northwest Passage under our terms, because, to me, there's a great strategic disadvantage to the Russians having sole hegemony over shipping in the Arctic Ocean 10, 20 or 30 years from now, which is going to happen unless we do something, and we don't easily do something.