I do have one little point I'd like to make. It is a response to how we manage risks. I'll be very brief, Madam Chairman.
One of the things I liked about the previous version of CEPA is that once you're on the PSL, you go into a risk management phase which is supposed to have a finite timeline. I like the multi-stakeholder issue tables where you would give different members of those discussion groups opportunities to be creative. That's very consistent with what I've been promoting as five ways to manage risks.
We call this the REACT approach: regulatory approaches, that's the “R”; economic incentives and disincentives, that's the “E”; advisory approaches, that's the “A“, tell people how to avoid risk; “C” is community-based grassroots action; and “T” is technological. If we want to think about continuing the broad spectrum of risk management options, the REACT framework, which is in some of the references that I provided, might be helpful to you.