Mr. Speaker, recently in the St. John's Telegram , the Minister of Natural Resources said, “If the market goes to $1,000 a barrel, you will get all of the revenues, you will get all of the royalties, no cap whatsoever”. I want to argue that if there is some misunderstanding on this issue, it is occurring on the government side.
Does the Minister of Finance stand by Minister of Natural Resources in believing that there is no cap whatsoever on royalties going to Newfoundland? What is his position? Does he take a different position? What is the government's position on this issue?