Thank you, Mr. Heinbecker.
We're going to go into the first round. And again, I'll just mention this to the committee. Our guest has to leave at a quarter after four today and so we're very tight on the timelines here.
The other thing is that at 4:15, before our teleconference begins, we'll have committee business where we'll deal with the steering report.
So first round. Mr. Rae.