Thank you, Mr. Speaker. Mr. Speaker, in recognition of our colleague from Range Lake's red alert last week to the mining industry, I wish to share my concerns pragmatically regarding the precarious economic position as identified in the eyes wide open economic forecast. It is shocking, Mr. Speaker.
The GNWT will see Diavik royalty revenues cut off in the first quarter of 2026, just months away, while a nation building project such as the critical infrastructure developments are needed, indeed intended to replace the declining industry and diversifying our revenue streams. The timeline presents critical challenges that we cannot simply ignore.
Mr. Speaker, the federal minority governments historically never complete their term. Another election is a possibility within this term. I, for one, do not hope this becomes.
With the imposed Mackenzie Valley Highway environmental assessment extensions requested by this government, we are now looking at a possible three-year environmental assessment regulatory period before we can even break ground on projects essential to our economic survival.
Mr. Speaker, this fundamental misalignment between political reality and regulatory timelines put our territory's economic future at serious risk. We cannot afford to wait three years for approvals. What happens if the new government takes a different approach? Mr. Speaker, we need to act action now, not bureaucratic delays that stretch beyond election cycles. Mahsi.
Thank you, Member from the Sahtu. Members' statements. Member from Frame Lake.
