Thank you very much, Professor Pelletier.
We have heard two testimonies that were extremely helpful, interesting and clearly expressed. Thank you for that.
Now we start our first series of questions. I remind members that that their five minutes also includes the answers. On occasion, I have noticed very complex questions being asked, leaving only 30 seconds. If that happens, the answer will unfortunately have to come in the form of a question from another member.
We will start with Mr. DeCourcey, for five minutes.