Absolutely. I want to be really clear. On the ethanol side and the creation of the mandate, our industry is working towards meeting that mandate. We don't have any advice in terms of increasing the mandate on the ethanol side.
On the biodiesel side, we've seen some questions about removing bioheat from the current renewable fuel standard. The gazetting process for that is ongoing and we will be commenting on that. I share Mr. Mabee's concerns in this regard. I think that bioheat is actually the best place for some of the biodiesel product to go. It is a very good place for renewable diesel to be used to create that heat.
The removal of bioheat from the renewable diesel mandate right now would be approximately 12% to 15% of a decrease of biodiesel that's required. That is going to be a 12% to 15% reduction in the GHG benefit. It's going to be a 12% to 15% reduction in the mandate that's required for the generation of biofuels here in Canada. Also, and interestingly, from a Foreign Affairs and International Trade perspective, it will bifurcate the Canadian renewable fuel standard from the one found in the United States. In the United States, bioheat is required as part of the mandate for renewable fuels.
I understand there are some concerns about the renewable fuels mandate, but our position as it relates specifically to bioheat is that the mandate should be growing; it shouldn't be shrinking. Removing this from the mandate is of great concern to our members.