We have about $570 million that we hold in securities. That number has gone up from initially it was about $500 million. As we are getting into this business, there are constant reviews being done and if there are discrepancies then we work through the regulatory process to address those.

This is a shared responsibility under the water licences and environmental assessments. The majority of the money is handled by and flows through ENR through that process. We are looking at, as a government, how do we best structure ourselves to better provide oversight for all these outstanding securities across the land. We recognized very clearly after devolution that the federal government wasn’t paying anywhere near the attention they should have to this matter, and we’re currently at work internally still sorting out what’s the best way to structure ourselves to do that.

This is a journey of some duration we started back in 2005. We’ve made set targets and most of them were inward looking as a government, trying to put our own house in order. We are going to be putting out a new document, a renewal, but it’s not a Greenhouse Gas Strategy anymore. It’s going to be a Climate Change Strategy. That document is expected to be ready in the next couple weeks.

We are gearing up to be able to go to COP 21 in Paris, which I think, contrary to COP 12 or 15 that I attended in Copenhagen, which was supposed to be a seminal event, this one actually will be with the president...

We place a high priority on the cost of living. We will do the things we can, like what’s before the House right now in terms of mitigating those high costs. If these extreme weather events continue to drive our costs then there are going to be some significant hard decisions that are going to have to be made on how we manage our way through that.

That work is underway. Senior officials have been up to the community, along with the regional staff, to look at what’s necessary. All the efforts to hold back the rising waters and the storm surges have proven fruitless, the amount of money spent on gravel and big rocks and it just gets washed away.

The issue of relocation is one that is clearly the most viable option that is being looked at and that work is underway.

Yes, I would, Madam Chair. Thank you.

Thank you, Mr. Speaker. I move, seconded by the honourable Member for Monfwi, that Bill 71, Supplementary Appropriation Act (Infrastructure Expenditures), No. 3, 2015-2016, be read for the first time. Thank you.

Mr. Speaker, I move, seconded by the honourable Member for Monfwi, that Bill 71, Supplementary Appropriation Act (Infrastructure Expenditures), No. 3, 2015-2016, be read for the third time.

Thank you, Madam Chair. There was a hard look taken at this, as there are a lot of our expenses as we look at our fiscal challenges, and it was determined that what is before the House is what the Hay River Hospital could make work with the resources that are available. Thank you.

Thank you, Madam Chair. The most immediate one is the 10 percent we’ve talked about and taking advantage of what was budgeted and what we anticipate or know we are going to be paying here in the foreseeable future, leaving us enough room should there be any kind of subsequent increase. If we budget a dollar and we get it at 80 cents a litre, I’d have to ask Mr. Kalgutkar to do the math for me to give us an idea, or Mr. Aumond, to give us an idea, but this is how we’ve accommodated putting this money into conservation was on that gap.