Hon. Jonathan Wilkinson, P.C., M.P., Minister of Natural Resources: Yes, it is a critical project; I agree with you, senator. It is something that we have been working on actively over the past few years. I have been speaking regularly with Premier Houston about this. My view is that it is critical, and from what he has expressed to me — and I take him at his word — it is a critical project for him.

Obviously, we need to ensure we are doing this in a manner that works for ratepayers, for the province and other provinces that are involved, but that it also works for the federal government from a financial perspective. I do believe there is a pathway to doing that. That is what we are working to define. It is not straightforward or simple, but it is urgent. As I said in response to the previous question, my hope is to have some kind of an agreement in principle in place some time early in the new year.

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