Thank you, Madam Chair. I think it is still falling under the old legislation, which, again, I don't have in front of me. Madam Chair, I'm going to see if I can drive that back over to the deputy minister.
Deputy Minister Strand.
Thank you, Madam Chair. We spent a fair bit of work on this with Justice, and it is that it does fall under the new legislation. That is in place for the new SDL that is being finalized right now with Husky. Thank you, Madam Chair.
Thank you. Member for Frame Lake.
Thanks, Madam Chair. That is good news because they can only tie up the land now for 15 years, but as I understand it, they don't have to do one cent of work, nothing, which is not good news. I'm going to leave this one for now, and I do hope that people are paying attention to this because that system is still broken. I have one other question here. The next item, minerals, oil, and gas, the main estimate here for the current year was $30.7 million, and the figure here is just a dash. Is that really that we're predicting we're going to get zero dollars from mining and oil and gas royalties for the current year? Zero? Is that a typo, again? Thanks, Madam Chair.
Thank you. Minister.
Thank you, Madam Chair. Sorry, I just want to make sure I'm looking at the right number. Non-renewable resource revenues, minerals, oil, and gas, I have $1.511, Madam Chair. Sorry, for last year, yes. For last year, Madam Chair, the numbers have been updated, and I think we are now expecting some small amount of royalties for this fiscal, given that Ekati has come back online and given some of the rebounding in the diamond markets. I don't know if I have that number available. Let me see if Deputy Minister Strand or Director Salvador do.
Thank you. Deputy Minister Strand.
Thank you, Madam Chair. When this estimate was done, this forecast was at the height of COVID. That's why it has a zero number in there. We do the next forecast in August, so we are anticipating that there will be a number in there. I just don't know exactly what that is. Thank you, Madam Chair.
Thank you. Member.
Thanks, Madam Chair. We don't know how much it is, but it might be slightly greater than the dash or the zero that might appear there. It's estimated for 2021-2022 that we are only going to get $1.5 million for royalties from diamond mining and oil and gas? Is that right? Just wondering if it's a typo again. Thanks, Madam Chair.
Thank you, Member. Minister.
Madam Chair, typos are pretty rare in the main estimates. No, it's not a typo. Look, the mineral resources sector has had some pretty significant struggles over the last year and, we are expecting, likely will continue to have some pretty significant ups and downs in the year to come. The estimates in the forecast are perhaps a bit conservative, but I suspect the Minister of Finance would rather have a conservative estimate than have a wide variation in terms of the own-source revenues that we are expecting to have come in. If, in fact, the diamond markets continue to rebound, as they seem to be, though that's far from certain, given that there need to be significant shutdowns across Canada, I was going to say, but internationally, as well, it's difficult to anticipate what, in fact, is going to happen. There have been new sales and new sites, which have gone very well, but, in fact, again, that alone isn't going to rebound this sector. We are going to have to see how much catchup there is going to be over last year, how far it is going to get.
As far as other areas, again, commodities are coming back, but a lot of our projects are at early stages. We may or may not be seeing royalties coming in this coming year. The biggest source of the royalties was the diamond mines, and we are not necessarily able to say with strong certainty that, yes, in fact, it's going to be a complete and full rebound in the course of this next fiscal. It would be nothing more than a pleasure for me to come back and have a large number change there in terms of our revised estimates for 2021-2022 showing, in fact, a high number, but that's not the number that we projected back in the height of COVID when the mains were prepared. Thank you, Madam Chair.
Thank you, Minister. Member.
Thanks, Madam Chair. I appreciate those comments. Just very quickly, I am really concerned with these numbers. They are, as I understand, based on sales of diamonds. It's not a great time to be trying to sell diamonds. I understand that there is a global pandemic, but this is not what devolution promised us. The estimates of the day were $60 million in revenues. Moving forward, all of this was going to benefit everybody. When I see these kinds of figures, this is a real warning sign that we need to look at what revenues we actually get from resource development and how we manage the resources. That's all I have to say for now. Thanks, Madam Chair. I do appreciate everybody having to put up with 10 minutes of me doing this stuff. Thank you.
Thank you. Member for Tu Nedhe-Wiilideh.
Thank you, Madam Chair. I have one quick question and one last concern. I won't try to drag this on too long. The $1.5 million, minerals and oil and gas royalties, again, we used to get so many royalties. I think something we really need to look at as a government is, any time there is new development in the future, to find a way that, if there is any sort of massive ebbs, like we are having right now, to have some cost certainty or royalty certainty, for lack of better words. Any time the market has tanked, no matter what is negotiated, any time we negotiate with industry or the resources sector, to have that balance there. When times are good, yes, the royalties are going to be great, but we still have to be prepared to make sure that we don't have as low numbers as these. I think this is probably a historical low in terms of income. I will just leave that as a comment. I think that's something we need to always find ways to make sure that we get as much juice for our squeezing from our resource sector without hurting business, as well, on their end. Thank you.
Thank you, Member. I'll take that as a comment. Thank you, Members. Please return now to the departmental summary on page 203. Industry, Tourism and Investment, operations expenditures, total department, 2021-2022 Main Estimates, $59,989,000. Does committee agree? Mr. Norn.
Thank you, Madam Chair. I move that the committee defer further consideration of the estimates for the Department of Industry, Tourism and Investment at this time. Marsi cho, Madam Chair.
Thank you. The motion is in order. To the motion.
Question.
Question has been called. All those in favour? All those opposed? The motion is carried.
---Carried
Consideration of the Department of Industry, Tourism and Investment, 2021-2022 Main Estimates, operating expenditures, total department, is deferred. Thank you, Minister, and thank you to the witnesses for appearing before us. Sergeant-at-Arms, please escort the witnesses from the Chamber. What is the wish of committee? Mr. Norn.
I move that the chair rise and report progress. Marsi cho, Madam Chair.
The motion is in order. The motion is nondebatable. All those in favour? Opposed? The motion is carried.
---Carried
I will now rise and report progress.
Mr. Speaker, your committee has been considering Tabled Document 286-19(2), Main Estimates 2021-2022, and would like to report progress with one motion, and, Mr. Speaker, I move that the report of Committee of the Whole be concurred with. Thank you, Mr. Speaker.
Thank you. Do we have a seconder? Member for Frame Lake. All those in favour? All those opposed? Any abstentions? The motion is carried.
---Carried
Thank you, Mr. Speaker. Orders of the day for Tuesday, March 9, 2021, at 1:30 p.m.:
Prayer
Ministers' Statements
Members' Statements
Recognition of Visitors in the Gallery
Reports of Committees on the Review of Bills
Reports of Standing and Special Committees
Returns to Oral Questions
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Question 638-19(2), Medevac Services
Acknowledgements
Oral Questions
Written Questions
Returns to Written Questions
Replies to Commissioner's Address
Petitions
Tabling of Documents
Notices of Motion
Motions
Notices of Motion for First Reading of Bills
First Reading of Bills
Second Reading of Bills
Consideration in Committee of the Whole of Bills and Other Matters
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Bill 3, An Act to Amend the Public Highways Act
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Bill 12, An Act to Amend the Apprenticeship, Trades and Occupational Certification Act
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Bill 13, An Act to Amend the Interpretation Act
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Bill 14, An Act to Amend the Securities Act
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Bill 16, An Act to Amend the Income Tax Act
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Committee Report 8-19(2), Standing Committee on Rules and Procedures Report on Motion 5-19(2): Referral of Point of Privilege Raised by Member for Monfwi on March 10, 2020
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Committee Report 9-19(2), Standing Committee on Rules and Procedures Report on the Chief Electoral Officer's Report on the Administration of the 2019 Territorial General Election
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Committee Report 10-19(2), Standing Committee on Economic Development and Environment Report on Bill 3: An Act to Amend the Public Highways Act
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Minister's Statement 77-19(2), National Housing Co‐Investment Fund
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Tabled Document 165-19(2), Government of the Northwest Territories Response to Committee Report 1-19(2): Report on Long-Term Post-Pandemic Recovery - Recommendations to the GNWT
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Tabled Document 166-19(2), Government of the Northwest Territories Response to Committee Report 2-19(2): Report on Long-Term Post-Pandemic Recovery - Recommendations to the GNWT
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Tabled Document 167-19(2), Government of the Northwest Territories Response to Committee Report 3-19(2): Report on Long-Term Post-Pandemic Recovery - Recommendations to the GNWT
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Tabled Document 286-19(20), Main Estimates 2021-2022
Report of Committee of the Whole
Third Reading of Bills
Orders of the Day
Thank you, Mr. Clerk. This House stands adjourned until Tuesday, March 9, 2021, at 1:30 p.m.
---ADJOURNMENT
The House adjourned at 5:46 p.m.
