Thank you, Mr. Chair, and thanks to all our presenters for their presentations this morning. They were insightful, thoughtful, and passionate.
Mr. Loseth, I think you had a very passionate presentation, and that's why I'm going to start with you. I think you've earned it.
A lot of the presenters we've listened to seem to base their presentation and their rationale and argument on the fact that wood absorbs CO2 and greenhouse gases. Just as a matter of clarity—because if you build with wood you're going to be absorbing and sequestering all this carbon—does wood continue to absorb carbon once it's been used in a building?