Mr. Speaker, the release, this week, of a new study on the Hibernia project gives us another opportunity to express the concerns of Canadians and Quebecers who see this megaproject has a financial black hole. This study by two professors from Memorial University, in Newfoundland, shows clearly the folly of this undertaking which requires billions of dollars of public money just to survive. Even the General Secretary of OPEC was, this week, casting doubts on the economic validity of this project.
By stubbornly refusing to demonstrate to the people of Canada that Hibernia will eventually be cost-effective, the Canadian government is proving once more that it does not know how to deal responsibly with public money. It is asking the population to continue to support blindly this shameful and unjustifiable waste of public funds.