Thank you, Mr. Weiler.
It's really very simple. Of the 100% of emissions coming out of a car, 75% of those come from the crude oil. You pull it out of the ground, process it and burn it. There's nothing you can do to take that fact away.
You could reduce the carbon intensity of the way you manufacture those fuels, but you could never take them to zero that way.
In it's comparable regulation, the renewable energy directive, the European Union said to obligated parties that they can do pretty much anything they want, but the credit they generate and the actions they take need to be proportionate to the life cycle. If we're going to fundamentally take all of the carbon—or most of the carbon—out of transportation, we can't focus just on the 25. We have to work on the 75. This might come as advanced biofuels, hydrogen, low-carbon hydrogen, renewable natural gas and electric. All of those things have to be part of it.
The Europeans quite literally said that they have to deliver their credits in proportion to those proportions. In Canada, its 75-25.