Thank you, Mr. Chair.
Thank you to the witnesses.
The first question is about the opportunity side of this. I think we're talking a lot about the fear and the problems that this may cause for industry, but there's also an opportunity side. Somebody mentioned that this doesn't have to be painful if the right tool kit is in place. One of the things when we talk about a cap and trade system is the ability for companies to draw an economic benefit out of doing the right types of activities, and actually incent those types of activities and make them economically advantageous.
I'm wondering if you might want to talk about some of those opportunities. There are also opportunities in developing technologies that not only reduce emissions but also improve efficiency and improve productivity. So some of these things can actually be drivers, as I think some of you have explained, of new methods of doing things that make you more productive, more competitive, as well as deriving an environmental benefit.
I don't know if any of you want to comment on those specifically, about the opportunity side of this equation, while we're talking about all the things that are bad.