Caroline Wawzonek

Thank you, Madam Chair. So Madam Chair, I agree with the comments earlier. This isn't actually a really positive and important transparency to all.

What triggers the obligation to book an asset under the asset retirement obligations is the fact that there's a legal obligation to do something with that asset. So it, you know, really doesn't change it doesn't change the legal obligation. It doesn't create the legal obligation. But there is now a number that an MLA who wishes to hold the government to account can point to and say, hey, you've got this asset booked and there's a certain estimate...

Thank you, Madam Chair. Madam Chair, there's and actually I there's I mean, there's a variety of different economic spinoffs that come. There's economic impacts for capital spending that come in the form of anticipated GDP impacts of almost $200 million. There's also labor income that comes over of a hundred million dollars. And then the taxation income that the government gets on people who not on people, but on the taxes people are paying when they are employed. So there's quite a high number of also 944 jobs are anticipated from this kind of a capital spend.

You know, and those of...

Thank you, Madam Chair. Madam Chair, there were initial design changes, I think in fact still before my time in this role. There's not been further design changes in the interim. But might I just turn that over to deputy minister Strand to speak to briefly.

Madam Chair, on your right, Bill MacKay is deputy minister of Department of Finance, and on the left Terence Courtoreille is deputy secretary to the Financial Management Board.

Thank you, Madam Chair. Madam Chair, I don't think that this is going to be actually as significant. The numbers that are reflected in the 70 million are because of assets that have things like the asbestos example being a particularly good one, because the costs of dealing with that are so high. But going forward, it does go on when the asset is coming online. So you'll see it in more real time, if you will. But, again, it's not expected to be nearly as costly as some of the older liabilities that we have. Thank you, Madam Chair.

Thank you, Madam Chair. Madam Chair, I have the wrong binder open to answer all these detailed questions. But I can say that the project is on track to have its completion of the regulations that will allow the act to come into force this Assembly, which means that it's really within the next couple of years, and if we'll all bear with me, I think the folks from ITI are waiting patiently upstairs. Thank you, Madam Chair.

Thank you, Madam Chair. So, you know, always coming with the caveat that circumstances can change at this point, certainly the letters that I've seen come across to date have spoken to deferrals of projects, delays of projects. And in some cases, those projects weren't necessarily at an advanced stage where they were proceeding. And there's other occasions -- that's right, there's some of the projects also had surpluses on them and so we were able to take the surplus from a project to put it towards this.

So, I mean, I don't want it to sound like we're cobbling the money together but in some...

Madam Chair, I do have witnesses available so I'd be happy to have them in the room and ready to go.

No, Madam Chair. Thank you.

Thank you, Madam Chair. I wasn't here in the last Assembly but I'm more than happy to talk to the Member about the fees. There's ongoing work happening right now in terms of developing the Mineral Resources Act and the regulatory system that is required to bring that into force and to have it implemented. So that project is underway. The engagement processes for it are underway. It's a huge project. It's a huge piece of legislation, and the regulatory aspects of it have many branches, including this one.

So I will go back to the Department of ITI and find out what the schedule is for engagement...