Mr. Speaker, this could have a positive impact for many provinces, including New Brunswick. At the moment it would not have the same impact as in Nova Scotia or Newfoundland and Labrador or potentially even in Saskatchewan.
In New Brunswick there is mining, gases and other non-renewable resources. In the case of non-renewable resources sometimes it is unpredictable. We do not know the totality of what is available. We know there is a resource. We also know that in most instances if a province uses that resource, mines that produce, or it uses that oil, the revenues will be clawed back. It is a major disincentive.
In my own riding there are opportunities to use non-renewable resources for the benefit of the province and the people of New Brunswick. If going into it we know there will be a clawback, there will be what I feel is a disincentive to invest, a disincentive to put people in New Brunswick to work, it will be a major impediment to the development of the economy in New Brunswick. This would apply to Saskatchewan and other provinces as well.