Thank you very much, Mr. Chair.
I'd like to welcome our guests here today. It has been good to hear each presentation.
To those who have joined us by video conference, thank you.
My first question is going to be for you, Mr. Burt. In your opening remarks, you mentioned the need to look at the secondary impacts. You spoke of lost revenues in the range of $8 billion. You said that this could significantly hamper investment plans. I'm wondering if you could elaborate on that, please.