As I've outlined, the government believes that through the CSR strategy it announced last spring, coupled with the measures in place and the commitment of industry and other stakeholders to work forward on this, there is a substantive mechanism in place that both proactively promotes good practice as a mechanism to resolve disputes and addresses one of the critical root issues, which is the lack of governance capacity in many developing countries for the sustainable development of their resources. As the strategy is committed to a five-year review and there will be an evidentiary base collected, not just through the OECD national contact point but through the work of the office of the CSR extractive counsellor, which will be transparent both in specific instances and in their annual report to Parliament, I believe it will give foundation for a fulsome response now and that with the review we'll have an opportunity in four and a half years' time to assess whether it is both necessary and sufficient to achieve the objectives I've outlined for the strategy.
