Thanks, Mr. Greenberg, for your opening remarks.
I want to share with you some context for my questions, if I could. It's from a Telegraph article from October 13, 2024, entitled, “Labour adviser Mark Carney 'lobbied Reeves for heat pump subsidies'”. Very quickly, it says:
Former Bank of England governor Mark Carney lobbied ministers to relax rules on heat pump subsidies to benefit the asset management business he chairs, it has been claimed.
Mr Carney, a Labour adviser who has helped Rachel Reeves with the creation of the National Wealth Fund, raised the idea of changing the cash for heat pump installations scheme with the Chancellor, according to Richard Harpin.
Mr Harpin is the founder and former chief executive of HomeServe, now its chairman.
From a principles-based perspective, using this example, do you believe it's ethically sound for someone in Mr. Carney's position, holding influence in both corporate and political spheres, to advocate for subsidies that would then directly benefit his company?
