Mr. Speaker, what we are talking about today is honouring our commitment to the people of Atlantic Canada, and we did just that.
The premier of Newfoundland and Labrador asked us to keep our commitment to the offshore accords that he signed. When he did sign the accord, he said that this was a brand new day for Newfoundland and Labrador, a day of hope, a day of joy, a day of pride, and a day of promise.
That accord is the same accord before the day of the budget as it is the day after the budget. Newfoundlanders and Labradorians will continue to receive the full benefit of the offshore accords, as will the province of Nova Scotia.
This was a historic agreement for the Atlantic region, one that gave them the opportunity to see benefits from their resource revenues for years to come. This was a huge success and we recognize that, which is why in the budget we ensured that the Atlantic accord would not be capped, that there would be no changes to the Atlantic accord, and that it would be fully respected and that all of the benefits that flowed from the Atlantic accord would remain as is.
The Prime Minister made that promise to the Atlantic region. He has kept his promise and Atlantic Canadians will continue to see the benefit of the promise made, promise kept by the Prime Minister.