Mr. Speaker, as I indicated, Premier Williams and the finance minister met recently and the Hibernia issue was raised.
Our government, as with all assets, will continue to responsibly manage this investment in order to maximize its value to all Canadians and in accordance with the best commercial practices.
For the benefit of the member though, I will remind him how the previous Liberal government viewed Hibernia. From a 2004 National Post article, I will quote the member for Wascana, who was the then Liberal finance minister:
There's no compelling public policy reason to retain the [Hibernia] stake. It's a matter of making the appropriate commercial decision.
The [Liberal] government has looked on Petro-Canada as a sort of rainy day fund, and sees Hibernia the same way.