Wally Schumann

Thank you, Mr. Chair. We need to operationalize this. What we want to do is: when we do the review, we want to look at their operations and how they are doing things within their operations. Through this review that we are going to be conducting with them, which we will be presenting the term of reference probably shortly to committee or once we have all the information pulled together and hope we are going to have that in the next couple of weeks or so, we will be able to review how they operationalize their operation. That is how I will be conducting it. Thank you, Mr. Chair.

Thank you, Mr. Chair. On my immediate right is the director of finance and administration for the Department of ITI, Julie Mujcin. On my right is Department of Justice legislative drafter, Doug Ward. Thank you, Mr. Chair.

Thank you, Mr. Chair. I am here to present Bill 21, An Act to Amend the Northwest Territories Business Development and Investment Corporation Act.

The NWT Business Development and Investment Corporation, or BDIC, is a territorial Crown corporation that was established in 2005 to promote and maintain economic development and employment.

While the corporation generates substantial income from its investments and loans, it is currently prohibited by its act from using this income to fund its operations.

Instead, the BDIC relies on the Government of the Northwest Territories and some third-party...

Mr. Speaker, I move, seconded by the honourable Member for Inuvik Twin Lakes, that Bill 21, An Act to Amend the Northwest Territories Business Development and Investment Corporation Act, be read for the second time. This bill amends the Northwest Territories Business Development and Investment Corporation Act to allow the Northwest Territories Business Development and Investment Corporation to use money received by the corporation in interest in a financial year for the purpose of carrying on business of the corporation in the following fiscal year if certain conditions are met, and correct an...

Mr. Speaker, I move, seconded by the honourable Member for Inuvik Twin Lakes, that Bill 21, An Act to Amend the Northwest Territories Business Development and Investment Corporation Act, be read for the first time. Thank you, Mr. Speaker.

Mr. Speaker, I wish to table the following document entitled "Northwest Territories Office of the Regulator of Oil and Gas Operations Annual Report 2017-2018." Thank you, Mr. Speaker.

Mr. Speaker, I wish to table the following document entitled "Business Development and Investment Corporation NWT 2018-19 Corporate Plan." Thank you, Mr. Speaker.

As the House is well aware, with our application for the Mackenzie Valley Highway, that is not only going to open up the region for communities and transportation of goods; it's going to be able to open up an area that has a vast wealth of natural resources, be it bitumen petroleum reserves or the mineral potential that is unexplored in the area. So we are working hard to advance that along with the Sahtu secretary, who has been a great partner in us trying to advocate the federal government to put some federal dollars into this.

We are also finishing up the Canyon Creek road, which a number of...

Thank you, Mr. Speaker. Let's talk about what we have done just lately in the Sahtu region. We have installed a biomass heating installation, as well as complete energy retrofits in the Chief Albert Wright School in Tulita and the Chief T'Selehye School in Fort Good Hope, as well, and we have installed a 400 kilowatt boiler in the new health centre that is going to be opening in Norman Wells shortly. The federal government is also going to be helping us with a program where we are going to do a wind monitoring tower in Norman Wells to re-examine the wind energy in the region and the resource...

After session, I am actually going up to Inuvik, here, right away, for the Arctic Energy Conference, which is in its second inaugural year, which we will participate in. If he wants to have a discussion with the Member as a sidebar of what kind of opportunities we can have around having a conference in Norman Wells, I would gladly sit down and have those discussions. Thank you, Mr. Speaker.