I don't want to speak for the oil and gas sector. As my colleagues have mentioned, programs are vital for the industry to modernize and be competitive.
For instance, to help the pulp and paper sector with conversion, the government offers the investments in forest industry transformation program, which supports the development of new products as alternatives to things like single-use plastics. Through the program, the government invested $50 million over two years. However, to meet the significant needs of the industry, the government should have invested $500 million, even $1 billion plus, not $50 million. New products need to be developed to meet demand. A program of that scale would make Canada a leader in the sector.
We have the wood, but now we need the investments to support conversion activities. As Mr. Labbé and Ms. Yurkovich mentioned, export programs are also crucial.