Thank you very much. I do want to start by recognizing the hard work of this committee. Having two unanimous reports in the current environment—and I don't mean the physical environment, but maybe the environment over there—is a testament to how you all work very hard because you believe it is the right thing to do to protect our environment. I'm very proud of the work of this committee. I think it's a great example for other committees.
In terms of the question of carbon sequestration, you're absolutely right. Carbon sequestration is important. We need to get the accounting right. There are different ways of doing the accounting and making sure that we do it right. I don't think you could just do carbon sequestration and hope that you were going to meet your climate change targets. You still need to do things like put a price on pollution and have regulations, and also invest in innovation so we get the solutions.
I'm going to turn it over to my very able deputy, who's also a scientist, to give us some more detail.