Thank you very much, Mr. Chairman.
Welcome, Minister. You should come a little more often. It's been very enlightening in terms of the evolving strategic adjustments you're making.
I have a question with respect to the Newfoundland and Labrador offshore agreement and the sizeable contribution—I think it's $1.3 billion or $1.4 billion—that is being made under that program. There is also a line with respect to Newfoundland equalization. What is the historical context of that?
There are two different agreements. My sense of equalization is that it adjusts according to revenue flows and so on. What is the explanation with respect to such a contribution when there was an equalization formula in place?