Mr. Speaker, I do not think there is a whole lot of difference. We are talking about clawback on oil and gas. The Newfoundland and Labrador situation is offshore, which is somewhat different. In Saskatchewan we have the asset underground, obviously, not offshore.
Other than that distinction, the net effect of the recent accord was to totally remove the revenues from the offshore oil from the formula. All we in Saskatchewan are saying is that we have oil too and it is very costly to extract. It is not light west Texas crude. It is heavy oil. It is very expensive oil and it takes a lot of money to extract it.
I would also make the point that in the middle of an election campaign when a Prime Minister is in a region of the country like Newfoundland and Labrador and makes a commitment to change the equalization formula because he says it is unfair to be clawing back these non-renewable resources, he is not just making a promise to Newfoundland and Labrador and Nova Scotia. He is making a commitment to every single Canadian across this country. He made a promise at that time. If he will not live up to the spirit of that promise with a national program like equalization, I would say that it is a promise broken.