The significance of adopting this bill and the passage of this bill is that it creates stability and certainty going forward after having the economic centrepiece of this community shut down, and it provides certainty on transitioning. Given the fact that we are moving towards the transition process, if we delay further, as President Hodgson has mentioned, it will create significant uncertainty for those who are expecting self-government, which should have happened four or five years ago. It creates not only disappointment but also a lack of trust in the process to creating one. That's the con of it.
The positive of it, more so, is that the adoption and passage of Bill C-27 not only allows the stabilization of moving forward with a functioning government but also ensures that for the next centrepiece of consultation for the highway, the EA process for the pipelines or any other regulatory process, the certainty to voice our support or our concerns, versus being in the transitional process. Especially if this bill were not passed, we would be questioning what our identity is. Are we a self-government, or are we still a not-for-profit? By delaying further, it would create uncertainty for our citizens. It would create uncertainty for our partners in the industry, and it would create uncertainty in our engagement with the territorial government and, to a certain extent, with the federal government as well.