Thank you, Mr. Chair.
Thank you to all the witnesses. We're building on some blocks from our last meeting. We've heard a lot of witness testimony, some of which is quite contradictory.
There's been conflicting input on Canada's and the world's ability to replace our energy system with either biofuels or hydrogen. I appreciate most of the biofuels part of it here. The pathways for each transition seem daunting, given the complete uncertainty that we've been presented here. The bigger concern, of course, is that this transition will result in GHG emissions, or are we just looking to subsidize industries that don't add environmental value in the energy equation?
My first question goes to Mr. Thomson at Advanced Biofuels Canada.
You talk about decarbonizing the internal combustion engine, which I think is a laudable goal, but we heard from Michael Wolinetz of Navius Research at the last meeting. He advised us to be careful about using new bio-feedstock for biofuel production because of the inherent depletion of soil carbon stocks and the obvious release of this carbon to the atmosphere.
Can you comment on that, please?