Madam Speaker, even though Newfoundland and Labrador right now is not a have province, we are still paying into the equalization formula here.
Bay du Nord is going to produce the cleanest oil in the world. It is going to allow Newfoundland and Labrador to give some equalization payments to Quebec so it can help the poor. It is a great privilege for a small province such as Newfoundland and Labrador, with a population of just over 500,000, to be able to produce our oil, get royalties from it and be prosperous, while reducing dollars for dictators and helping the people of Quebec enjoy some of the royalties we get from our oil.