Thank you, Mr. Chair.
I'm looking at some of the testimony of Mr. Hemstock. You talked about regulatory uncertainty as a major challenge to innovation. Then in the notes that I have here, you say that industry requires reasonable regulatory certainty. You're fairly clear on where it is, and you give an example about carbon dioxide emissions.
I'm wondering whether that is something the other players here have also found to be a difficulty. Regulations and taxes tend to be the two areas in which government gets most involved.
I'll start with Mr. Egan.
When it comes to regulatory uncertainty, how does it affect innovation in the particular industry that you represent? Does regulatory certainty going forward assist innovation, and what sorts of regulatory changes from a federal perspective could assist innovation in your industry?