Mr. Speaker, I thank my colleague for her speech.
I would like to immediately follow up on the question from my colleague from Winnipeg North. I must admit that it boggles my mind that he was talking about a number of years, because what this bill will fix in part—it will not fully fix it—is the result of decades of negligence on the part of successive Liberal and Conservative governments. Nearly four decades of inaction on nuclear safety and compensation is what will be partly fixed here.
I would like my colleague to tell us how successive governments have failed to keep up with the how the industry assesses risk. Take for example how the German bank WestLB determined that it was nearly impossible to manage the risks of developing oil in the Arctic.
Could my colleague talk about how inaction on the part of successive governments caused Canada to lose a great deal of its competitiveness in terms of developing its natural resources.