Thank you, Mahima.
I will provide just one more example of a positive disruptive clean technology product gaining momentum here in Canada, and that is mass timber and tall wood buildings. In addition to the societal benefits of using wood, mass timber provides enhanced benefits of carbon storage, displacement of more emission-intensive building materials, as well as showcasing the innovative design aspects of wood.
Canada now has a number of companies that play a role in the global mass timber construction space, with facilities located in Quebec, Ontario and British Columbia currently. As an example, Quebec's Nordic Structures recently supplied the glulam beams and cross-laminated timber, or CLT, for a college being built in Houston, Texas. The wood for the prefabricated beams and CLT panels was grown in northern Quebec, manufactured in Montreal, and sent to Houston by rail to lower the transportation greenhouse gas emissions. This is just one example where Canadian innovation and manufacturing, as well as integrated supply chains, are allowing Canada to supply these excellent carbon-sequestering products to the world.
We see the recent U.S.-Canada greening government initiative as a great example of where forest products, both wood construction and the bio-based products my colleague spoke of, can contribute to positive changes through the value chain.
Other areas where the government can show support to advance these opportunities include, first, recognizing that Canada's forest products sector is a key contributor to a global low-carbon economy, with great potential to further develop the bioeconomy and export market. Second, the federal government should recognize and promote Canada's world-leading forest management practices with global customers and other governments. This would avoid any unnecessary and additional regulatory requirements that are creating confusion and a challenging investment climate. Finally, there are some key policy and programmatic areas, including modernized building codes, procurement strategies that recognize low-carbon products, ensuring that government funding programs are readily accessible across the sector, and reliable transportation and supply chain networks.
We want to thank you for the opportunity to speak with you today. We look forward to answering any questions and following up with you in the future.
Thank you.