Thank you, Madam Chair.
I would like to welcome each of you.
Mr. Eshleman, I will begin with you because, in your preliminary statements, you gave us the four-part recipe for success. In fact, I was able to note four.
The first consists of more investment. We will skip over that quickly, as it is easy enough to understand. The second is reducing bottlenecks. You already explained in part in answering a question from Mr. Hardie.
For the third part, you emphasized — I do not know what word to use — the cumbersome nature of the regulatory environment or the difficulties that it presents. Could you elaborate on that?