Colleagues, we'll bring this meeting back to order. Before us are three individuals: James Manicom, Jeremy Paltiel, and David Welch.
Colleagues, we're going to start in the reverse order of what we did with the previous witnesses.
David, you're going to start with opening comments, and then we'll get to Mr. Paltiel and Mr. Manicom.
I'm going to turn the floor over to you right away, Mr. Welch. The floor is yours.