Michael Miltenberger

Thank you, Mr. Speaker. The debt that is held by the Power Corporation that is on our books is what is called self-liquidating. They generate revenues and pay it down. While it’s on our balance sheet and goes against our borrowing limit, they are generating the revenue to pay down the debt.

To the Member’s point, there have been discussions and to this point the federal government is not willing to remove or separately treat the Power Corporation or the Housing Corporation or even the bridge, which are in similar circumstances, of having revenue that would pay down the debt that is on our books...

Thank you. Mr. Speaker, it would be nice to be able to announce that we are starting the 17th Legislative Assembly with a booming economy and enough fiscal resources to make all the strategic investments we need to further strengthen the economy.

Such is not the case. We have recently weathered one recessionary storm and another one is looming. While our economy is showing some signs of recovery, stimulus spending has left us with limited funds for new programs and services. As we approach the federally imposed borrowing limit, we have little room left to adjust for revenue or expenditure...

Thank you, Madam Chair. We have with us today Deputy Minister Mike Aumond from Finance, Deputy Minister Russ Neudorf from Transportation, and Deputy Minister Paul Guy from Public Works and Services. Thank you, Madam Chair.

Thank you, Mr. Speaker. I wish to table to the following document, entitled “Northwest Territories Capital Estimates 2012-2013.”

Thank you. One of the, I suppose, most unique practices that we’re considering or initiatives we’re considering, of course, is to conclude the Devolution Agreement, where we would take over responsibility and authority of our land, water and resource development and be able to speak to these type of practices. I appreciate the Member’s comments on the Water Stewardship Strategy. If he has specific recommendations in terms of what he considers unique northern approaches that we may not have considered, I’d be very happy to look at those and would ask that he share that with us so that we can...

Thank you, Mr. Speaker. This is a recently new process that is not completely understood. It is a source of great research at the international, national and even in our level as we seek to understand the use of hydraulic fracking for unconventional oils, in particular shale gas.

There is work being done at the federal level. We are striking a committee between ENR and ITI and other relevant deputies and departments to look at this issue and to address some of the issues that the Member talked about to try to get a good handle on the research. Some provinces’ fracking for unconventional sources...

Thank you, Mr. Chairman. Once again, just to point out that the money that’s there, the $28 million for communities has been maintained, and over the years that I’ve been around, we’ve maintained the level of growth at a higher level than all other program areas, probably with the exception of health.

The Member talks about money while we talk about the struggles. We do have to keep in mind that we are still spending $1.34 billion across the North and we’re going to continue to spend that amount and probably more with all the growth pressures.

The other piece – and I have to take this...

This government intends to follow through on the work that’s been laid out in a recently concluded Greenhouse Gas Strategy, and the path laid out in that strategy to look at how we will set targets and meet our obligations as a territory within Canada, of course, and as inhabitants of planet earth. Thank you.

Thank you, Mr. Chairman. In regard to Highway No. 7 and the red flag list, I can assure the Member and this House that if there is an opportunity to put more money into capital through a bump up to our borrowing. We want to look at targeted infrastructure in the capital planning process and the committees will be fully involved. The work that’s been done up to date, the red flag lists will be put out there and we will have that discussion both in terms of the amount of money and how we move forward to put the money that we have available to work strategically. So, yes, I will confirm to the...

Thank you, Mr. Speaker. The science as it pertains to climate change is not under dispute or question by the government. Thank you.