Thank you, Ms. Collins, for that question.
First of all, there is a myriad of reasons why this is necessary, to the extent that.... Essentially, natural gas, for many reasons, has fugitive methane emissions that are not measured, so a lot of the claims that have been made—that natural gas is the reason why various jurisdictions have actually seen a significant decline in emissions—are oftentimes not accounting for the role of this other greenhouse gas, which is actually, in the short term, 81 times as powerful as carbon dioxide. That's a very important point.
Also , there is another point that's very important to raise. At this point, because of the long-term trajectory in the decline of prices in renewable energy in ways that have been entirely unpredicted by economists—as a result of rapid learning curves and technology adoption—we now know that renewable energy in a lot of places is cheaper than natural gas at this point, which undermines the long-term investment thesis for new LNG in a way that ultimately means that, a lot of the time, new LNG exports will actually displace demand for new renewable energy, particularly in Asia.
The other point about the cost curve that's necessary to know is that this also causes a risk of stranded assets for new LNG as an asset class in a way that is likely to cause significant financial effects in the future.