Thank you, Mr. Chair. I'd also like to thank all of our witnesses for the really fascinating discussion we're having today.
The first questions I have are for Canada Clean Fuels. It's a really interesting proposal that you put forward about the blender's credit.
My question for you is this. You mentioned that the price gap now stands at 15¢, a point at which it would be competitive with other fuels. I'm wondering why you're proposing this blending credit just for biofuels.
Of course, the proposal and the regulations and the systems we've been looking at are really agnostic about the types of fuels right now. We're really focusing on the absolute emissions reductions that we can get through them. Why focus particularly on a blender's credit rather than on things such as the clean fuel standard, which would reduce those for all different types of inputs?