Thank you very much, Mr. Chair. I'm glad to be here.
I want to start with a question for Mr. Lancastle from the Appraisal Institute of Canada.
In talking about climate change, we hear sometimes about people who feel that climate change is a hoax, that it's part of a UN conspiracy because presumably some people get funding.
Typically, folks in the financial industry are seen as pretty hard-nosed and not very sentimental when it comes to business decisions. I'm looking at your recommendation for better flood mapping, which I understand is supported as well by the Insurance Bureau of Canada.
Would you say that the financial sector recognizes that climate change is real, that it's happening, that beyond the environmental consequences, it will have a real economic impact, and that if we can mitigate the effects of climate change, we can not only help save the planet, but we can also help save a lot of money and economic distress in the meantime?