Mr. Speaker, I thank my colleague for her question, which is very relevant and echoes somewhat what I was saying at the end. I did not have the time to conclude.
Yes, $1 billion is a step in the right direction. However, some governments elsewhere are living up to their responsibilities much more than ours is and making sure that corporations pay the bill for the cleanup.
She referred specifically to the fact that some banks no longer even want to insure a corporation for the cleanup, fearing that it will cost too much money. If liability is only $1 billion, we have to ask ourselves some questions. For example, if it costs $3 billion or $4 billion—for the Gulf of Mexico it was over $40 billion—and in Canada liability is $1 billion, who is going to pay the difference when the cost is higher? These are questions we have to ask experts. They may be able to answer.
There are other solutions as well. If I am not mistaken, in the United States they have a kind of group fund for all the companies. I cannot go into detail because I am not sufficiently familiar with it, but there are other solutions to make sure that even if the corporation goes bankrupt, there are alternatives other than having the government pay the bill.