Thank you very much.
Thank you to all the witnesses here today. I think we have a good panel that is showing the scope of the challenges and the opportunities to invest and grow clean tech in Canada.
I want to start at the beginning, which is the R and D. I think Mr. Mazier spoke earlier of the government support for R and D at early-stage clean tech. I know that during the Conservative government up until 2015, that budget was slashed considerably. I'm just wondering if you could comment on how important you think that funding for R and D is in the overall process. Then I want to go to different stages, but I'll start there, at the initial R and D.
Also, how do you feel about the government funding projects that fail, and the R and D projects that fail as well? I'd love to hear your comments on that.
Perhaps we can start with Mr. Haley.