Mr. Speaker, Hibernia, the oil drilling megaproject off Newfoundland, is becoming the biggest white elephant in Canada's history.
The federal government is sinking billions of dollars into this financial black hole, at the same time as we are finding out that the Minister of Finance is seriously considering a sizable increase in taxes.
My question is for the Deputy Prime Minister, in the absence of the Minister of Natural Resources. Does the Deputy Prime Minister admit that this project is not financially viable and will she confirm that the cost overruns could exceed $1.5 billion?