Thank you, Mr. Chair.
To Mr. Graham, with the Mackenzie Valley pipeline project, of course, if you remember correctly, that was a project where at the beginning of the project a cooperation plan was struck to bring together all the different environmental processes that would be engaged in the development of the pipeline. We can see the results of that. It wasn't very successful at bringing them all together. In fact, in some respects it made the work of the board very difficult to accomplish.
Quite clearly within the Northwest Territories there is a regulatory system put in place, the Mackenzie Valley Resource Management Act. It's had success. Some projects have been done in timelines that are two years or less over the course of the work.
I see that you're not asking for major changes in the Mackenzie Valley Resource Management Act. The Minister of Indian Affairs and Northern Development has suggested that he's going to bring forward legislation to consolidate all the land and water boards, and that's something that people in the Northwest Territories have been standing up against. They recognize that when we get into breaking constitutional agreements with first nations, we'll be into another kettle of fish.
So I really appreciate that you've focused on the types of things that can be done within the existing regulatory system to finish off the land-use plans and to increase the capacity of the boards to actually do the work. It's complex work. You've also pointed out the need for timely appointments by the federal government. This is something that's registered with us over and over again.
But when you talk about environmental degradation, we're very familiar with that in the Northwest Territories. You must admit that with many of the mines we've had developed in the Northwest Territories over the years, we've had extreme problems afterwards with the cleanups. A point in case is the Giant Mine in Yellowknife, considered one of the largest environmental problem areas in the country, with over 270,000 tonnes of arsenic buried underground, with no solution to it at all other than to keep it frozen over the next millennium. At about two megawatts of power a year, the cost to the taxpayer is going to be borne ad infinitum.
Your charter of your NWT Chamber of Commerce says quite clearly that you're in favour of sustainable development and environmental protection. That's correct. So when we talk about how important the regulatory process is to ensure that what is going on in the Northwest Territories is done in a correct fashion, I think you're on side for that, aren't you?