The forest industry in British Columbia has already benefited from carbon credits. There were carbon sales made by the Pacific Carbon Trust before it was closed down, which was an arm of the British Columbian government.
When we look globally we've seen a huge increase in the number of carbon schemes. There are carbon schemes now in Quebec, in British Columbia, I believe, also in Ontario, and then down the west coast of the U.S.A. Increasingly we are finding that when a manager of a forest is looking at the overall income that they can get for that forest, then carbon is becoming a significant factor in determining whether or not to harvest in a particular area.
Clearly the value of the wood is going to be higher in most cases than the value of the carbon, but then there are also a number of other benefits that would come from preserving that forest for carbon benefits so we would have, for example, water or biodiversity or recreation, a range of different values. I think what we're finding more is that it is in community-managed forests where those types of values are being looked at.
In terms of a federal scheme, Canada, I think, is some way away from a full scheme across the whole of the country, unlike a few other jurisdictions. But sooner or later I believe we will be moving in that direction. I can't predict what's going to happen, obviously—that's for the Parliament to decide—but I'm sure we will be moving in that direction because that's where the rest of the world is going.