Mr. Speaker, the province of Saskatchewan has been losing equalization payments in excess of $1.08 for every dollar of oil sold under the current equalization formula. The Prime Minister has promised that Newfoundland and Labrador will keep 100% of its offshore oil revenue, and maybe it is and maybe it is not.
Will the Minister of Finance, on the record in the House, promise not only to pay back to Saskatchewan all the excess clawed back under the equalization formula, but also ensure that the province of Saskatchewan will keep 100% of its oil revenues?