Thank you very much.
Mr. Phillips and Mr. Fraser, thank you very much for joining us today. We very much appreciate your testimony. With that, we'll let you go and turn right to our next witnesses.
We have Anne Fowlie here. I think, Anne, you've been before the committee previously. Welcome back.
We also welcome Mr. McLaughlin.
Mr. McLaughlin, you're the first one on the list, so you have ten minutes or less, please.