Thank you, Mr. Chair.
I want to thank all the witnesses.
I'll start with a question for either Mr. Elgie or Mr. Hong.
Mr. Hong, you're a leader at RBC. You're the head of capital markets or something like that. This is a bit of a banking type of question.
Is the notion of nature positivity...? I think we're all positive about nature. You've told us, though, that Canadian banks already endorse this concept. We heard, I think, from Mr. Elgie that resource companies already support the notion of nature positivity and offsets, and that, in fact, government often requires it.
This is for either of you. Why is it necessary to put those into law? What's the purpose of that?