Hon. Anne McLellan (Minister of Natural Resources)
Let me say, Mr. Speaker, that with a project of this size cost overruns are to be expected.
We are doing that which any responsible owner would do in conjunction with other owners to get a handle on the exact amount of cost overruns. Once we know that we will take whatever steps we can to ensure cost efficiency.
Let me assure the House that the responsibility of the Government of Canada as equity owner-we own 8.5 per cent of the project-for cost overruns will be limited to that 8.5 per cent.
Subtopic: Hibernia Project