Thank you very much.
In addition to the economic impacts, which I've just highlighted, we also have to consider the risks to our economic and financial system overall. Over $100 billion of Canadians' assets are at risk of losing value from investors moving too slowly on the climate transition. Having policy in place to modernize our financial system and our financial regulations creates a natural direction for our financial system to be resilient to the damages from climate change, which affects the people who rely on that, as well as ensure that Canada has a chance of meeting our climate commitments to limit the environmental damages to people across the country.