Mr. Chair, the northern jobs and growth act, as members may know, would fulfill obligations flowing from land claim agreements, and it would respond also to economic development and needs of northerners, and it would build on our government's commitment to create jobs, new wealth and long-term prosperity for all Canadians.
Bill C-47 would establish in legislation the Nunavut Impact Review Board and the Nunavut Planning Commission, which we know stem from those land agreements, as well as systems for environmental assessment and land use approaches in Nunavut. The bill would also establish the Northwest Territories surface rights board act, which would resolve disputes in cases of access to the land.
Importantly for the member asking the question, because it touches his homeland, Bill C-47 would amend the Yukon Surface Rights Board Act, advancing the objective of the northern strategy. A more predictable regulatory regime would allow northerners to benefit from 24 major resource projects worth more than $38 billion. That is huge. There is a lot of potential there and, with the government as an ally of the north, we will see that development occur.