It's confusing to me, and I'm wondering if Mr. Bramley might take a microphone to offer a countering view. The positions in Nairobi, from the other countries coming forward on specifically emissions, were painting a drastically different picture, and certainly a much more enthusiastic picture, about the amount of money actually being traded and the freeing up of capital, as Mr. Alvarez has talked about, that was made possible to municipalities, and so on.
I'm wondering, Mr. Bramley, if you might comment on what you've heard.