we're really excited to have this conference today for many of the reasons that dr. hamre highlighted, but because, you know, we've been doing so much work on different fuel sources around the world, natural gas and oil in particular because of the sort of renaissance in unconventional oil and gas production, what that's meant for the economies around the world, and, you know, sometimes i think it's actually a good friend of ours charlie ebinger as well as the head of the world energy outlook at the iea, reminded us that sometimes we forget about coal and yet most of the world has not forgotten about coal. there is a significant sort of coal market dynamics, drivers both for the production and consumption of coal, and also a significant focus on how to make it cleaner and more efficient so it's compatible with sort of our climate change goals and needs. we were very, very pleased when our sponsors for the event today mitsubishi heavy industries, provided us with the opportunity to put together a longer than our normal session focus today on some of these dynamics and what

we're really excited to have this conference today for many of the reasons that dr. hamreet about coal and yet most of the world has not forgotten about coal. there is a significant sort of coal market dynamics, drivers both for the production and consumption of coal, and also a significant focus on how to make it cleaner and more efficient so it's compatible with sort of our climate change goals and needs. we were very, very pleased when our sponsors for the event today, mitsubishi heavy industries, power systems provided us with the opportunity to put together a longer than our normal session focused today on some of these dynamics and what it means, both from a global and a u.s. perspective. so we're very pleased you're going to spend the afternoon with us here today. before we get started and before i want to be very conscious of julio's time, just two quick reminders. one quick reminder. we will have a reception following this so we do hope that you'll be able to stay and participate in the discussion that will be part of that reception. now, to kick off today's event