Thank you, Mr. Chair.
Thank you very much, everybody, for being here.
This is a question for Mr. Farrell, but Ms. Puffer and Mr. Markham, feel free to answer.
In any request for credit, any enterprise is going to have all of their costs and their profit outlook looked at. We were talking about changing the priority for pension plan pensioners in the case of a bankruptcy. When I hear that this is a problem, because it will increase the cost of credit, would that not also be true for government regulations that would require certain activities to protect the environment? Would that not also be true for additional costs a company would have to incur to address workplace safety? Would that not also be true for anything else you could think of that a corporation or enterprise would be required to do for the benefit of consumer safety or for the benefit of its employees?
In the larger context, obtaining credit depends on a company's profitability, or its forecasted profitability, or the out-there costs, ultimately. Can you comment on that? Why would this be any different from changing the priority in this instance? Why would that be any different from any other costs that might be imposed on a corporate entity or business enterprise?