In terms of Newfoundland and Labrador, about 30% of provincial revenue is derived from oil and gas royalties. We have a province that's really geographically dispersed; there are over 10,000 square kilometres in the island of Newfoundland alone. Supporting that population with health care and with infrastructure, such as roads and so on, is a very expensive proposition. That 30% of revenue is absolutely critical to the Newfoundland and Labrador business community, and I think to the population as a whole.
On November 4th, 2010. See this statement in context.