Mr. Speaker, the member talked about the very important issue of liability. There is no doubt that Canadians as a whole want to see more accountability for corporations in terms of developing our resources.
The question I have for the member is specific to the offshore oil and gas industry.
One cannot help but think of the economic benefits that Newfoundland and Labrador have experienced through a lot of offshore development. However, it would seem that the NDP position, or at least what the member seems to be implying, is that with any sort of offshore gas exploration whatsoever, any interested private sector company would have to provide, up front, the potential liability insurance for any potential disaster that may occur.
Could the member provide some clarification? What goes through my mind is the impact that would have had on today's oil and gas industry in Newfoundland.