That question is almost as long as some of my answers.
The question of should we stand alone, stand global, or stand with the United States is almost a sort of false dichotomy. Of course our policy has to recognize that the United States is our single largest customer, and we're making a big mistake if we do stuff that gives them an excuse to put in protectionist barriers under a climate change cloak. So we have to be mindful of the protectionist threat from the U.S. We also have to be mindful of the fact that it's really a North American marketplace, especially for forest products. So cap-and-trade systems and measures should be coordinated to the extent possible.
We also should not be totally innocent here and realize that most countries are viewing this both as a regulatory and environmental necessity but also as an economic opportunity inside the climate change adjustment. I'll give you an example. Finland, which is a fairly brilliant nation in its own way, is a global leader both in forest products and Nokia telephones. The Finns' approach now is to have a comprehensive forest products bio-energy and bio-products strategy to make themselves one of the global premier producers in that new opportunity. Not only do they have the policy but they also have the funding to do it. All over Europe you see huge amounts of funding for the transformation into green energy and now we're seeing it popping up all over the U.S. Farm Bill.
So yes, we have to be mindful that we're in a North American marketplace and design our system so that it works within that. Yes, we have to be mindful that we're in a global marketplace and put into place either border or other measures to make sure we don't get the leakage, the jobs go elsewhere, and the greenhouse gases come into the atmosphere anyway.
But also yes, I think we should be self-interested as Canadians and ask whether we should actually have a policy to increase our economic advantage in the world's new competition in bio-energy, given that we have huge capacity in bio-energy. We produce enough bio-energy in our mills alone to replace three nuclear reactors. We're huge producers, and we could go way bigger than that. That's going to require a little bit of European thinking, which is a good policy framework, because you don't want to just buy it, and a little bit of American thinking, which is a heavy investment program, combined into a Canadian way of doing it, which is sort of strategic intelligence and very leveraged funding.