Mr. Speaker, as I mentioned, our government fully recognizes the importance of economic growth and environmental protection. Canada has robust environmental legislation and standards, a tough safety regime and experienced independent regulators to oversee offshore activities.
The National Energy Board is a world-class regulatory body. Our government is convinced that the board has the appropriate tools to safely and effectively regulate any proposed oil and gas activity in Canada's Arctic. Our government is determined to realize the energy potential of the North, for the benefit of all Canadians.