Finance committee  I can't count the number of constituents in the past three years—the lineup is very long, Mr. Chair—who tell me that the most exciting part of their week is looking forward to the CPAC airings of our meetings. I get emails bombarding us to show more and do more. On a more serious note here, I don't doubt the sincerity of my colleague opposite.

Finance committee  Okay. There you go. For these matters, I don't think they've been dealt with in the sense that the debate is final, but they've been looked at and will continue to be looked at in other avenues that are more appropriate. I won't read subamendment f), because it's lengthy, but that is the purview of the industry committee, I think.

Finance committee  Right. It's about efficiencies. I'm tempted to ask you about the arbitration element of this. I think it's a really important part, particularly from an efficiency perspective. I know it's just an estimate, but you talk about it taking 10 years if we wanted to have a bilateral approach.

Finance committee  I have one more minute, if I'm not mistaken, Mr. Chair. You've hinted at this, but I think it's proper to capture it as I'm summing up here. I always like to look at things from a counter-factual perspective. If we didn't have the bill in place, what would be the results? I know you're going to talk about bilateral approaches, but we're really dealing with inefficiencies, right?

Finance committee  From your perspective, it's a step in the right direction, generally speaking? With the proviso that you do have some reservations, but generally speaking, we're going in the right direction. What I take from your comments—and this is the last point, Mr. Chair—is that there's more to do.

Finance committee  That's not the point here. The point is, as you put it—to be fair to you—that it's a patch.

Finance committee  Okay.

Finance committee  I appreciate that. Basically, we have a step in the right direction. It's something that is addressing a number of issues, but it's not a panacea and, by definition, it can't be. It's not a magic wand. Mr. Sanger, what do you think on that? Is it possible to have...? I know you have a number of issues with this particular agreement, but I think it's reasonable to say, as we just heard from Mr.

Finance committee  So, we're patching—

Finance committee  We're patching things up.

Finance committee  I appreciate that you're opposed to.... I'll have to interrupt you because I have limited time, Mr. Sanger.

Finance committee  I appreciate that you have issues with mining companies and I would suspect with many companies.

Finance committee  With a complex matter like this, I think we have to proceed in a way where we are addressing things in an incremental approach because addressing the problem with one fell swoop is bound to create all sorts of uncertainties and questions. I don't think you can do it that way. Can I go back to Mr.

Finance committee  You say it would likely take a decade.

Finance committee  It's just an estimate.