Thank you.
Ms. Segal, earlier you mentioned that a majority of financial institutions that have voluntarily committed to climate goals aren't acting and that this creates a space and indeed a justification for public regulation in the space.
I want to take that insight and ask you to give your thoughts on a slightly different angle on the same idea. It seems to me that it's a little bit of a stronger case for public relations in that when we talk about the kind of certainty—I think Ms. Zvan referenced this as well—that investors are looking for, that policy actually has to come first. It has to be there as a basis upon which investors can make decisions. Not only does the lack of action justify public intervention, but in fact those actors are waiting on public intervention as a condition for the investments.
I just wondered if you could speak to that interaction between the fact that we have these voluntary commitments where we're not seeing the action and the role that public regulation would play in this space.