Merci, Monsieur le President. I would like to pursue the issue of the liability caps a little bit further with Minister of Industry, Tourism and Investment. To be really clear here, the review that is being carried out by OROGO is about proof of financial responsibility. It's not about the liability caps. OROGO doesn't even set the liability caps. Those are in the regulation. Is the Minister clear that the OROGO review has nothing whatsoever to do with the liability caps? Mahsi, Mr. Speaker.
Masi. Minister of Industry, Tourism and Investment.
Thank you, Mr. Speaker. I believe that's right. Thank you, Mr. Speaker.
Thanks to the Minister for that. We are starting to get on the same page here. I would like to ask the Minister: why have the caps not been reviewed in the four-and-a-half years since devolution?
As I have said, we are moving forward with the mirrored legislation on devolution. We are looking at the Gas and Oil Operations Act. That's what we are working on. We are going to look at the rest of it in the 19th Assembly, should this bill pass here.
The Member is not going to like this comment, but you know, we have 200-and-some mandate commitments within this Government of the Northwest Territories. To zero down on a regulation here where there's exactly no activity going on in our territory wouldn't be a good use of my time and the department's time. I'm not shunning that responsibility. We are continuing to work on the act going forward, and regulations will be looked at in the 19th Assembly.
Thanks to the Minister for that. Interestingly, a couple of days ago, we had the Premier saying that we are going to go and negotiate an entire offshore co-management regime when there is nothing happening with offshore oil and gas. I think there is a more likely prospect of onshore, and we have to make sure that we protect our citizens and our taxpayers and our government from liability. When will these regulations be reviewed? The Minister could do it next week if he wishes, but when is the Minister going to review these regulations?
As I said, should this bill to amend the act pass in this Legislative Assembly, in the 19th Assembly we will review and modernize the regulations under this act.
Masi. Oral questions. Member for Frame Lake.
Merci, Monsieur le President. I'm not very happy with the response from the Minister. These regulations are less than four pages long. In fact, I believe they are actually one page long, and the limits are just set here. I don't understand what the difficulty is in reviewing these caps.
What sort of process does the Minister envision going through to review a one-page regulation? Mahsi, Mr. Speaker.
As we sit here and deliberate this conversation around the Oil and Gas Act and the regulations, the Member has raised a lot of concerns, and I agree with a number of his concerns. This is not something that we are just going to go out and do at a snap of our fingers. We have a lot of different players in this territory. We have committed to deal with all the Aboriginal and Indigenous governments in this territory, and the public. I am not just going to change the regulation before we change legislation on the Act, and I suspect it will be the way we do our full consultation within the Northwest Territories. Thank you, Mr. Speaker.
