Environment committee  Yes, of course.... I'm sorry. It's quite dark now, because it's quarter to midnight, but it was a very nice sunny, warm day in Paris, with a small amount of showers.

Environment committee  On this front, yes, biodiversity and nature-related financial risks—

Environment committee  I'm sorry.

Environment committee  Thank you very much. Good afternoon, Chair and members. My name is Hugh Miller. I'm a sustainable finance analyst at the Organisation for Economic Co-operation and Development, where I work on climate and broader environmentally related financial risks. It is well recognized, both internationally and in Canada, that climate change and environmental issues pose risks to the financial system through physical and transition risk channels.