Mr. Speaker, I very much appreciate the comments by my colleague from Western Arctic because this gives me the opportunity to point out that in the United States, there are 144 nuclear generating stations that share what they call one “pot”. They pool all their money together, between $9 billion and $11 billion. That is why this varies, since it is based on the assets that are invested.
There is no insurance policy. They do not deal with an insurance company. They never would have gotten such insurance from any company. They pool their money together. Here in Canada we have just 22 generating stations. Even if they pooled their money together, they obviously would not come up with $9 billion or $10 billion. That would force them to close. It may be a good idea, but that is not the issue. This is a matter of protecting the public.
The insurance companies have said that when it comes to protecting the public, they cannot go any higher than $650 million. It will be hard enough to find insurers. We will have to find reinsurers to get to $650 million.