My actual point there is not so much that the resource sector is dependent on incoming capital, in the sense that we actually need that capital, otherwise the sector couldn't be developed. To the contrary, my point is that it's become dominated by incoming foreign capital, which has been interested more in purchasing control of the asset rather than in actually building, investing in new capital, new productive capacity, new jobs, and so on. In the oilsands, for example, the majority of the production is now attributed to foreign-owned shares of companies.
I don't think the provisions contemplated in Bill C-60 would affect that. I know that when the government announced its intentions in December, it did indicate that, in general, state-owned enterprise takeovers, in the oilsands sector in particular, would not pass a net-benefit test except under extraordinary circumstances.
Now, I'm not a lawyer, so I'm not an expert on the actual language, but in my review of the proposed amendments, I don't see how that is going to be affected through these amendments. It sounds like it will be more affected through the decision-making of the industry minister on any future oilsands-related transaction. At any rate, I think the focus, again, just on the oilsands itself is arbitrary. I don't know why we would put a fence around that particular resource industry, recognizing that it is, obviously, a uniquely important one, but all of our commodity-based resource sectors have important direct and indirect effects. And if we're concerned about the intended and unintended consequences, if you like, of foreign investment in resource-based sectors, I think we need a more general and transparent approach than what we would see through these amendments.