Thank you.
Obviously, Bill C-5 was the purpose of my last visit here, and I mentioned it in my opening remarks. It's an important bill. It was a long time being developed. It's an important bill, because I think in economic times like these we have to give maximum opportunities to first nations to benefit from the oil and gas reserves and the potential on their land.
This is an important and timely bill, and again, that's why I mentioned it in my remarks. The whole consultation, of course, precedes our government by several years. The previous Liberal government set up a consultative process--it has been going on now for eight or nine years--to try to update a piece of 35-year-old legislation. So it's not a partisan bill. It's not something we initiated, even. It is something, though, that we see the value of, because it's going to give economic opportunities to first nations.
There have been really intensive consultations over the last 18 months or so with the Indian Resource Council and with the 130 first nations they represent. There has been a real effort, on all fronts, I think, to make sure that we find that path forward that modernizes the regulations but also gives voice to the concerns of the Resource Council and the first nations. I have met with the IRC. I also gave them a letter--I think you have a copy--with the promise to work with them closely on the development of regulations that flow from it.
This has been going on for years and years. There are 130 first nations. There are the interests of the federal government and others. What we have is a good package of amendments to the bill that will do everything, I think, the IRC is looking for. I think that was their testimony before you. And we have an agreement to work on some of the other things that will be necessary going forward, including development of the regulations. You know, a lot of times, the devil is in the details, and the details are regulatory, so we're going to work closely with them. Also, there are some other things on their list of issues to deal with. There's an ongoing process to deal with those, as well.
As to the bill itself, I would urge the committee to consider the testimony of the IRC. What they have done, and my hat's off to them, is find a path forward with this bill that is a good path forward for the 130 first nations. If it is changed significantly, if there are amendments that change it significantly, certainly I'll have to go back to cabinet. I don't know what the amendments might be, but I would have to go back to cabinet. And my guess is that the IRC would have to go back and start a consultative process. My worry is that it's not simply a matter of going to the IRC and saying “what do you say”, and somebody stamping it. We have to get consensus from 130 first nations. So away we go again.
My concern is that if it's away we go again, we'll be back here a year or two or eight from now saying that it was too bad we couldn't have fixed it back then. And that would be a shame. I think we have to grab this thing while the grabbing's good. It's not because we couldn't do more work on it; it's just that the process is not simple. The process will start another round of consultations that will be expensive, and worse yet, will mean that the current system is in place until such time as we get another consensus. So I would urge the committee to consider the testimony of the IRC, which I think has done yeoman's work in hammering out that consensus and getting a pretty good piece of legislation with an agreement by the government that they'll consider other options, moving forward, that address some of their other needs.