Biofuels have been proven to be a really excellent opportunity to lower greenhouse gas emissions. We as an industry have developed.... Canola in Canada is in the mandate that we have for biodiesel in Canada currently. A lot of it gets processed elsewhere and then comes back into Canada and goes into that environment. We also sell to the European Union, which has a very advanced biofuels agenda.
We see it as a real opportunity, a win-win from the point of view of meeting those climate change goals for reducing GHG emissions and at the same time providing another stable marketing opportunity for the product. It's a small part of our industry. Most of our canola goes into the food market for oil, and it goes into animal feed, but it certainly represents an opportunity to grow.
There's been considerable work done in the liquid fuels portion of it. I know Environment Canada is also interested in gaseous fuels and other elements that can be put in place. The regime that they're talking about at Environment Canada is one that's about carbon intensity. If you have a product that reduces carbon more than another product, the marketplace would decide, based on pricing, to choose that commodity.
From a canola perspective, that is a good news thing, because, as I said in my brief, compared to petroleum-based diesel, the use of canola can reduce GHG emissions by 90%. We would have a considerable opportunity, if the regime were put in place on liquid fuels, to generate lower GHG emissions as well as to stimulate to the canola industry.