Thank you very much, Madam Chair.
Thank you, Mr. Dee, for being here with us today and for your testimony.
My first questions will be about the north.
I read the part of your report that is about the north with a great deal of interest. The figures you present are quite impressive as to the investments needed to access northern resources.
In the table entitled “Cost-Benefit Estimates for Investments in Northern Resource Corridors”, you suggest that investments of $9 billion would be required to develop the infrastructures. We are talking about potential resource development expenses of $276 billion. At first sight, these figures are quite large.
What justifies the $9-billion investment in resource development; what is this based on? Out of the $276 billion, some expenses have already accrued, even if the investments to create these corridors are not in effect currently.