Wally Schumann
Statements in Debates
I will have to talk to our officials and see when we can get that out there and let the Member know.
Thank you, Mr. Speaker. In the interim, we have laid out some rates that are detailed, and we have shared that information with committee.
The topic of rentals and other STL policy elements, such as terms, have been discussed with all current interest holders in the Northwest Territories and representatives of the intergovernmental council during the development and amendments of the Petroleum Resource Act and Oil and Gas Act.
Thank you, Mr. Speaker. The federal government has never charged rental rates on significant discovery licences, provided there was a significant discovery declaration in place when the STL was issued. Among the terms and conditions tied to exploration licences, a 25 percent work bid deposit was paid and drilling activity was required in order to maintain the licence for a full term. Interest holders are also required to pay rentals in the second period of an exploration licence as part of a condition to hold an exploration licence for nine years. Thank you, Mr. Speaker.
That is a fairly detailed question. I don't have the document in front of me. If I remember right, we list by client, by region, by sector, by program area, and so on in the document, but I think that I can confirm that there are two different accountings of the same funding.
Thank you, Mr. Speaker. I like how the Member is trying to spin his Facebook problems back on to the department, but the answer is no.
I have worked very closely with committee on this. The first thing we did was share our terms of reference with them, in July of this year, on this. We have had the contractor reach out to all Members of this Assembly to interview them and get their input on this. Once we get this review back into my hands after Cabinet has it, I would certainly like to sit down with committee and have a discussion, so that we are all on the same page on this thing going forward. Thank you, Mr. Speaker.
The act actually has a requirement to have a review done every five years, and that process is under way right now. The draft is coming shortly to my desk, then will be coming to Cabinet and will be going back to committee.
We will be tabling this strategy before the end of this Assembly, and I strongly believe in what we are doing in working hand-in-hand with the northern manufacturers to make this a better document for them with more clarity and figure out a way, as I have said, to bring economic opportunities to the eleven manufacturers that we have in the Northwest Territories and hopefully grow that.
There are a number of meaningful ideas that have been put forward in this strategy to help them realize these opportunities. We have worked very closely with the Northern Manufacturers' Association and, as I said...
There were a number of issues that were raised by the Northern Manufacturers' Association, and I believe that this is one of them that we are looking at and trying to figure out a way to address it.