Mr. Speaker, the union proposition was put to me informally when I met with the union on January 11. I was provided with a written description of what it had in mind.
I subsequently had that proposal very carefully analysed. The information revealed that under any of the various scenarios, which I am sure were put forward with the best of intentions, but under any of the various scenarios proposed by the unions, Devco unfortunately would continue to be a losing proposition because the arrangement was simply not economical.