Mr. Speaker, the House of Commons will soon close for the Christmas break, but we still have no word as to whether the Prime Minister will keep his June election promise to allow Newfoundland and Labrador to keep 100% of its offshore oil revenues.
The Prime Minister has said that he will honour his promise if he can reach an agreement that is good for Canada as well as being good for Newfoundland and Labrador. The real truth is the Prime Minister made his election promise because he thought it would be good for the Liberal Party. There were no strings attached and no conditions in the election campaign.
Letting the province keep 100% of its oil revenues will help us to stand on our own feet economically, and surely that is good for Newfoundland and Labrador and Canada. The Prime Minister said yes to Newfoundland and Labrador during the election campaign. How long does it take to negotiate “yes”?