Good morning, everybody.
All right. We're on schedule and we have two sets of witnesses.
From the Canadian Energy Research Institute, we have with us Allan Fogwill.
From Pembina, we have Nichole Dusyk, who is here with us, and Mr. Israƫl, by video conference.
The process is that each group gets up to 10 minutes to do their presentation, followed by questions from members from around the table.
Mr. Fogwill, sir, why don't we start with you?