I would like to welcome all of our witnesses here today.
It is my understanding that this legislation, as you've mentioned, was developed in collaboration with the ministers of Aboriginal Affairs and Northern Development, as well as of the Environment, and of Foreign Affairs, so there was a lot of work that was done across departments. There was also cooperation with the Province of Newfoundland and Labrador and the Province of Nova Scotia.
My questions will centre around how you determined, first, the $1 billion minimum for absolute liability, and then perhaps you can comment on whether you believe it is sufficient.