Thank you very much, Mr. Chair.
I have a quick question for Mr. Cosbey. I hope that he can hear me clearly and that the interpretation is working. I see the signal to go ahead.
Mr. Cosbey, in your presentation, you talked about reforming financial support to fossil-fuel industries and you listed some basic principles. If I understand you correctly, the support should not be offered to projects that are intended to reduce the cost of production, nor should there be support for projects that are intended to allow the industry to comply with regulations.
My impression is that the emissions reduction fund is a prime example of what you see as a bad practice in terms of funding fossil-fuel energy. Is that your perception?