It specifically addresses some questions that came from the chair yesterday about the fact that valuations are back up. I'll give you our example. We're one of the larger top performing trusts. We traded in the $28 to $29 range on October 31. We currently trade in the $21 to $23 range—a 20% to 25% hit. We have not cut distributions. Our programs continue to work well. So while the broad sector is up, we're down by 20% to 25%, and that's not going away.
Our cost of capital has gone up by 20% to 25%. Our access to capital has gone down—our ability to fund the projects that are necessary. I remind this committee that energy trusts are at the forefront of carbon capture and storage. I can tell you that on October 31, the economics of every CO2 sequestration project we have changed—and our company has been at the forefront of that with several projects. They came into question. The probability of those projects proceeding on the same basis as they would have before has changed dramatically.