Mr. Speaker, if the insurance is not adequate, the taxpayer ends up paying. The principle behind this bill is to ensure that the polluter pays.
There are minimum amounts of insurance that have been arrived at, taking risk into account and taking into account what is happening, but, in addition to that, there would be a pooled fund of $250 million to take care of any issues that go beyond the insurance. That would be backstopped by the consolidated revenue fund so that if the insurance comes up short, the consolidated revenue fund would cover it and the cost would be assessed back to those who should pay, which would be the rail haulers and the shippers.
That is the direction of this bill. It is taking the direction that those who pollute should pay, not the taxpayer. The bill does a fairly admirable job, and the member and all of his party should support it.