Madam Speaker, what is wrong here, and I will say this respectfully to my colleague, is that we should not be carrying on this discussion in public. We should be sitting down at a table and looking at a proposal that benefits Newfoundland and Labrador.
What the Prime Minister and the Premier of Newfoundland and Labrador discussed was the basis for an agreement. The finance minister and I are saying exactly the same thing. This will never be resolved with rhetoric. This will never be resolved in public. We have to put all of that aside because the losers here are the people of Newfoundland and Labrador.
While I am standing in the House of Commons, with all the respect that I have for this House, I will never allow the people of Newfoundland and Labrador to lose on this deal. My obligation is to ensure we get the benefits out of these offshore resources. I am quite content and satisfied that the Prime Minister is standing by his commitment, and that Newfoundland and Labrador will receive 100% of the revenues, the equalization, the 30% and the 70%.