Thank you very much.
Welcome back, Dr. Jaccard, to this committee.
The connection between what you're telling us and the overall topic is simply Canada's credibility at the G8 meetings. When we said we were going to meet a 50% emission target, for example, would it be fair to say that the conclusion of your study for C.D. Howe is, as you put it, that:...overall emissions in Canada are unlikely to fall below current levels. The government is likely to miss its 2020 emissions target by almost 200 megatonnes. Moreover, because of this gap in 2020 between target and reality, it is unlikely that a future government would be able to achieve the ambitious 2050 target.
Is that a reasonable summary of your study?