Mr. Gary Tobin:

Yes. That is a good summary. Essentially, the emissions trading system proposal would raise money for the EU budget through the EU's emissions trading system, and we are supportive of that proposal. We are also supportive of the EU's carbon border adjustment mechanism, CBAM, proposal, which essentially means that importers importing products into the EU would have to make a carbon contribution equivalent to what it would have been if they had made the product in the EU.