Right now, we have a situation where sovereignty is being challenged in the Arctic, in my riding. Territorial waters are part of the Inuvialuit claim as well. They're extremely valuable waters as well. They represent potential for oil and gas in the immediate future, not just when the ice goes off the North Pole, but they're well within the technology that exists in the region right now.
On October 6th, 2009. See this statement in context.