Basically what I've presented is, in essence, the summary of the plan. It's the summary of actions that have been taken in a coordinated fashion by departments that all have an interest in the north. They are all interrelated.
On economic development, which businesses will emerge in the future? We don't know which ones in particular, but we do know there are about 25 projects that are at various stages of development in the north. All of them involve mining and oil and gas. We know that's going to be the backbone of the economy in the north in the future.
I talked about a project that's worth $4 billion. There is a private company that is going to have to, through its own financing, see whether that $4 billion is going to be invested. We think that with the resources there, we want to work with that company to ensure that the labour skills are also going to be developed to support that. It is close to a community, Pond Inlet, that's extremely well involved in the project.
We think the work we've done on the settlement of the land claim there and the fact that the Inuit own subsurface and surface rights gives them the possibility, through the land claim, of negotiating impact benefit agreements that are going to lead to the benefit. All these together at some point will lead to a project that, like Ekati, like Diavik, will produce some results.
We can't predict what the economic situation is going to be five or ten years from now, but we do think it is going to continue to be positive. We do continue to hope that there will be a Mackenzie gas pipeline, that the resources we know exist are going to be brought to market, to the benefit of northerners.
We have also invested, through this strategy, in better geoscience. At the end of the day, again, going back to science, better knowledge of what exists up in the 40% of our land that comprises the Arctic will lead to more investment by the private sector, more exploration, and hopefully more finds and more development. You look at each one of the pillars and you can make that kind of integration.