Mr. Speaker, I guess he is so well known across Canada, I do not have to do an advertisement for him.
The Prime Minister, whom everybody loves, made an announcement of $1.5 billion over nine years under ecoenergy for biofuels. This is a tremendous incentive program for producers of renewable alternatives to gasoline and diesel fuel. In total, we are investing some $2.2 billion over nine years in biofuel development across our great country.
When it comes to biofuels, the facts are clear. Biofuels will increasingly provide a cleaner burning, renewable energy source for all Canadians. Across the board, biofuels reduce harmful greenhouse gas emissions. In fact, pure ethanol reduces greenhouse gas emissions by about 40% over its entire life cycle. That is tremendous news.
This is why we are looking ahead to the next generation of biofuels development such as wheat straw, corn stover, wood residue and switchgrass.
The government is not just investing in biofuels. We are investing in Canada's future. We are focusing on innovation. We are supporting farmers in their tradition as good stewards of the land. A strong biofuels sector will contribute to a stronger foundation for farmers, communities and all Canadians.