Mr. Speaker, I have had the opportunity to raise this question before and I would like to reinforce it. In regard to the natural resources and the revenues that are generated from natural resources, a substantial change is being proposed and is widely accepted as a positive move.
Whether in committee, or at third reading or in response from the government, we hope to get a better understanding and a bit more detail as to how that formula would work. I know there is a percentage and a cap and they will be able to keep their transfer payments and so forth. I wonder if the member might provide some comment on that aspect of the legislation that is being proposed. We in the Liberal Party believe this is a step in the right direction and would be very much interested in the member's take on it.