Thank you very much.
I'd like to start with Enbridge, on the need to modernize our energy systems in Canada. It's certainly not a one-off, it's a much broader discussion.
You mentioned harmonizing some of our policies with the U.S. in terms of tax policies and some other areas. The American government, the Obama government, spent six times what we did in Canada on a per capita basis on modernizing and greening energy systems. So I would agree with you. We need to do more here and work together to modernize both production and grid.
One area where we have a comparative advantage in some ways is in the area of clean conventional energy. It's estimated that in 20 years, 80% of the world's energy will still come from hydrocarbons, so it's clear we've got to increase efforts to develop clean conventional energy, whether it's CCS or coal gasification and other approaches to that.
I'd appreciate your thoughts on what we ought to be doing, not just on alternative but also cleaner conventional energy systems.