Thank you, sir, and thank you for your long years of public service. I hope you enjoy your “retirement”.
We will provide to the committee—in fact, we might have already done it in our briefing notes—the data that we have done. On our website you'll find an analysis from late last year, which is the source that I used to quote my sources.
I can give you an example. In British Columbia, we've had a low-carbon fuel standard since mid-2013. In the last 12 to 18 months, we've had about $500 million to $700 million of investments into the energy space here from companies in the forestry sector, refiners and others. Those are very directly tied to the British Columbia low-carbon fuel standard, which now has sent this very effective signal to the industry to build out.
We're very clear in British Columbia. We've seen it, and our studies indicate a similar kind of effect in Canada.