Thank you, Mr. Layzell.
Thank you for those presentations. I think it's fitting that presentations today seem to very much complement much of what we have been hearing for the past number of months in this study with regard to the optimum use of resources, of sustainable development, particularly reduction of greenhouse gas emissions, and use of technology innovation.
We're going to begin our questions. I'm going to ask the questioners to keep it more brief today so that we can get in as many questioners as possible. But I'm going to ask a question myself, for the first time today, because as I said, much of your presentations did seem to bring together much of what we had heard.
It seems to me, with regard to greenhouse gas emissions, particularly carbon dioxide sequestration, we've heard essentially three options bouncing around out there. We've heard that there are industry people who are going on their own, or through just good corporate citizenship or environmental concerns proceeding on their own, or with shared programs in dealing with these matters, in spite of the cost. That, of course, would be difficult if they're the only people going that route. The second was government subsidies for capture, as you suggested, or for pipelines, that we have government money involved in that. The third one seemed to be government regulations or emission controls.
Those are three somewhat different ways of dealing with this: one, companies do it on their own out of moral suasion or environmental concern; two, that the government subsidize the capture or the pipelines; and three, that we just make regulations forcing the companies to do it.
I'd like to ask both groups, just to start it off, what would your considered opinion be of the best option, if we were to proceed by that route?