Thank you.
It's interesting to hear you say that. I attended a conference in Europe some time ago about the almost desperate need of investors—and in this case they might have been commercial banks—to obtain even 2% or 3% stability. There was considerable fluctuation in the price of commodities and the long-term payback, even though it's small, of traditional investments like oil and gas, or nuclear. Traditionally one might assume that private industry would only invest if it were a 10% payback, but investors are actually looking for something stable, with a much shorter payback.
You are the first person who has testified to what I heard previously, probably almost a year ago, that the other factor was not only stability in returns, even if it was 2% or 3%, but also stability in government policy and direction, in particular with respect to policies that matched the various types of infrastructure. For example, if climate change is a priority for government, together with investment in infrastructure, this would be a key indicator for private investment.
Is that something you would say as well?