We've been working very closely with the government in terms of the renewable fuels policy, ethanol and biodiesel. The fundamental challenge the government has is that the only way for an effective policy to work in Canada, because we have a free trade partner in the United States that has heavily subsidized both the production of ethanol and the blending of ethanol, is to match their subsidies.
We had one estimate that it was about $800 million a year to meet our 5% target. That's a significant amount of money to invest in the business. Two of our association members built the two largest plants, so it's a viable business option, but we have a real challenge, because the U.S. structure throws our markets off by reason of the way in which they've heavily subsidized it.
Ideally, what we can do is talk to the U.S. government and say,“Listen, at $60 a barrel crude, you don't need to throw this amount of money at the renewable fuels business.” If they were to take away, say, the blending subsidy and do other things, then the business would grow in Canada.
So do we need to throw more money? We need to match the U.S., if it's really going to go. And I think that's a challenge that the policy-makers are looking at seriously. But it will go.