Good morning, ladies and gentlemen. I would like to thank you for being here.
Mr. Brown, you talked lot about research and development. It seems you are stepping up your activities in trying to find solutions following the ongoing disaster in the Gulf of Mexico.
Furthermore, I would like to briefly touch upon the regulatory side of things. According to information that I have read, it would seem that there has been a change to the drilling regulations. In-depth studies are no longer required. You can tell me whether that is true or not.
Previous witnesses have compared the offshore drilling regulatory requirements in Canada, the United States, Greenland and Norway. Canada is the only country that does not regulate the opening of new oil drilling areas. There is no documented environmental assessment or analysis.
Do you find that normal? Do you think those standards and regulations should be reviewed in light of what is going on in the Gulf of Mexico?