Thanks, Mr. Chair.
National governments have the opportunity and, I would say, the responsibility to plan over long time horizons—let's say 100 years into the future—while the private sector more often focuses on delivering financial returns over a much shorter time horizon. The government's current conception of this project is to have the private sector intimately involved in the design process, if not leading the design process.
My question is this: What kinds of design decisions might be affected by a focus on maximizing financial returns over a shorter time period?
I'll start with Mr. Katz-Rosene and then go to Mr. Freemark, if we have time.