Mr. Speaker, our government is committed to working out the details of this minimum processing requirement fund with the Government of Newfoundland and Labrador. The fund was created to compensate for anticipated losses from the removal of minimum processing requirements. The fund was never intended as a blank cheque that would give the industry of Newfoundland and Labrador an unfair advantage over other Atlantic provinces.
We have been very clear from the start that the MPR fund was to compensate for demonstrable losses.