Policy is the issue, not risk assessment. I'm not dismissing the need for "good" risk assessment, but that should be a part of any investment analysis. A given.

Policy is the issue, not risk assessment. I'm not dismissing the need for "good" risk assessment, but that should be a part of any investment analysis. A given. What's interesting is the objective view that this is something we need to do, as stewards of the environment, as countries, as a civilization, while acknowledging it will be expensive. This is the beginning of a post-denial era. It's impressive to discuss opportunities in terms of billions and trillions. I think this presents a tremendous opportunity for the most universal, collaborative solutions.