Mr. Speaker, I am not sure if the hon. member was making the case for nationalizing the railways or not, but that certainly would not be the position of the Conservative government.
The member talked about an unfortunate accident, but what he does not understand is that, in that particular case, because the company did not have insurance, it was immediately on the hook and had to lay off its inspection staff and other staff accordingly.
The bill has several clauses in it that would require companies to share the information with Transport Canada in a timely and effective manner. However, had the bill been in place, a company like MMA would have had the insurance it needed to pay the damages and would not have gone through nearly the financial suffering it did, because it would have also had the fund on top of that. Now, that would not have prevented the accident from happening, but it would have prevented the incident the member is talking about, which would have allowed MMA to stay out of the financial trouble that it would have been in because it would have had insurance coverage that would have carried it through the duration of that particular disaster.
While the hon. member has a good point, his logic that got him to the point where is asking the question just does not hold water.