Thank you, Mr. Cullen.
With that, we now have a full quorum. Thank you all for attending.
We will begin with the witnesses.
As I have said in previous meetings, this is a somewhat different approach because we're really looking for information, general education on the subject of oil sands and the various impacts of the development of the oil sands.
I would like you to start with 10 to 15 minutes. If we're going to split the time—CAPP will have one speaker or two? All right, then we'll follow up with Pembina at that time.
Let me welcome Pierre Alvarez, the president of CAPP, the Canadian Association of Petroleum Producers; and Greg Stringham, the vice-president of markets and fiscal policy; and from the Pembina Institute, Dan Woynillowicz. Thank you again for coming. We have made several requests and next week we are also going to have another representative from Pembina helping us with our question of water. I'm delighted because we have not been able to achieve the balance Mr. Ouellet is looking for, so I'm very pleased that we're going to make that happen and that your schedules have been able to accommodate us.
With that, perhaps I could ask CAPP to start.
Mr. Alvarez.