Thank you very much.
Obviously, I hear that at least CP and CN carry insurance pretty much in line with the cap amount here, and of course the new fund is there for any excess coverage. My question is probably going to relate most to the short lines, because there seems to be a greater degree of consternation about the amount of insurance there.
Mr. Beardsley, I think I heard you say that theoretically the insurance is available but it might not be “viable”. I think that's the word you used.
There is no question that short lines carrying dangerous goods—crude oil—can be involved in an accident, and I think the general public would expect that there would be some insurance coverage by short lines and, of course, a pool to draw from beyond that. As I understand it, that coverage is either $50 million or $125 million, is coming into effect a year after the act comes into being, and is then doubled in the two years.
First, from the insurance perspective, is there any reason why that amount couldn't be made available to short lines?