Mr. Speaker, the member asked me why I did not talk about market value. He suggests, rightly, that market value is different from book value.
We do not know the market value, because the market did not buy this pipeline. The government bought the pipeline, presumably paying more than anyone in the marketplace was prepared to pay for it. By necessity, the government bought a pipeline above market value. If Kinder Morgan had had someone in the marketplace prepared to buy the pipeline for a price equal to or higher than what the government paid, they would have sold it directly to that private sector investor, and they did not. That means we know the government overpaid for this project.