With respect, that's exactly what I don't want to do. We recommend a pan-territorial corridors coordinating agency that would look at what's best for the whole of the territories, not just at the politically attractive project of the moment for an individual territory.
I could select a project—King Point is a great project for you to fund—but the real point is to step back a bit and look at all the requirements of this emerging seaway and the economic development of the north and see what makes best sense by looking at the whole of the territories across the north in terms of the infrastructure investment you require and the money you need. Canada may not have the money that we need for that sort of investment. Well, there are other options.
As I mentioned, you can't get across the coast of Alaska—there's no place you can find deep water, and they will need it—until you get down to Dutch Harbor and the Aleutians. Why don't we talk about maybe joint venturing with the United States to develop some of these projects and take some of their money? They have an equal concern with some of the ships that will be coming through there.
The Chinese have what they call the Arctic Silk Road. They want to invest in circumpolar infrastructure to support their international waters in the Arctic around research activities. They're doing that in Russia. We could accept some of their money, or maybe that compromises our sovereignty.
The conversation has to be there. How do you fund expensive projects in the Arctic that benefit the international community but are in our sovereign waters? That's what our recommendations on the last page are all about.