Looking at what is being done elsewhere can sometimes provide good ideas. For example, you can consult the financial information from the UPM paper mill in Finland. The mill was going through some difficulties and the government supported it in research and development. Biofuels are now their leading profit centre. That has allowed the mill to consolidate its investments in the pulp and paper sector and in its forestry operations.
As for hydrogen, it is clear that more and more regions in Canada can have electricity, produce green hydrogen and combine it with biogenic carbon, whether that carbon comes from combustion in paper mills, biomass cogeneration plants, or biomethanization plants. About 36% of the methane coming out of the digesters is from biogenic CO2. These are places where one unit of green hydrogen is added to obtain hydrogen that is just as green. Things like that are really worth looking at.
I really encourage you to read the article that William Nordhaus, who won the Nobel prize for economics, wrote on what he calls the “Climate Club”. You can really see how far Canada can go and how it is in our interests to use such things to our advantage before we find ourselves isolated. We have a huge number of advantages: research and development, territory, biomass, we have it all.
It is up to you, our elected representatives, to come up with policies to support it. That is why we are here today.