Thank you, Madam Chair.
Mr. Pomeroy, floods and droughts, both of which are related to available quantities of water, may occur on various time and geographic scales and in various places. It's highly diversified, and you think there really are benefits in dealing with all that together. However, are there really any benefits to be had from managing flood and drought risks under a single strategy? Do you know whether that's being done elsewhere, in another G7 country, for example? If so, is there an optimal model?