It is our belief that the field of carbon capture and storage will be of paramount importance in the coming year, as the world strives to achieve carbon neutrality by 2050. Despite the progress that has been made in the realm of nature-based carbon avoidance and removal, it is clear that additional infrastructure will be required to effectively remove carbon from our environments and store it deep underground. In this regard, we have identified the CO2 storage space as a particularly promising area for investment and intend to allocate capital accordingly. Specifically, we will be investing a minimum of $20 million in the energy storage space over the next two years.