It was exactly for the reasons that you touch on there. The offshore boards have developed an enormous amount of expertise about how you do projects in the offshore and how you can permit projects in the offshore. Rather than starting from ground zero where setting up a new agency would take years, and even more years to develop the requisite competence to do the job, we are leveraging the expertise that exists within the offshore boards, which will allow us to go much faster. In a world that is moving, with countries around the world looking to seize the economic opportunities enabled through the transition to a low-carbon future, we needed to move.
On January 29th, 2024. See this statement in context.