Thank you.
I was hoping to begin with West Coast legal, because I believe they had started talking a bit about structure. I was interested in having some more of their thoughts, because we've heard from witnesses with some varied ideas about how to properly structure what we would want to do to reduce emissions from oil and gas.
Could I get your thoughts? Starting on the larger frame, we heard witnesses suggest that we should just stick with existing tools like the price on carbon pollution, and others have suggested we should have a separate cap that we put in place. I was wondering if you had thoughts about those two options as to the most effective tools.