On the clean fuel standard as it's progressing with the federal government, we were quite concerned about the initial draft because it would potentially add a greater regulatory burden to our sustainability and our ability to offer forest biomass into the clean fuel standard. We've worked with the federal government quite extensively and made our position quite clear on where the opportunities exist in that regard.
As I said, B.C. has a really strong, globally recognized sustainable forest management framework. We really see with the clean fuel standard the opportunity to use some of that biomass that currently isn't being used, such as, for example, residuals that are left after harvest. So it's not creating new impacts on the land base from what B.C. already does in its harvesting activities, but complementary ones.
One of the things I really want to bring to the forefront is that we've done extensive work on what we call an economic pyramid, a social pyramid, and we're just completing the greenhouse gas emissions pyramid. What we see in those is that, with the amount of biomass required for clean fuels, for renewable natural gas production or for energy production, it's quite expensive because you have to use a lot of biomass to produce the product, whereas when you look at the new, up-and-coming products like biomaterials, bioplastics and biochemicals, you need less biomass for a higher-value product.
The way we're looking at it—and the reason I keep coming back to the circular economy—is that it's not a trade-off of one product versus another. They're all complementary. When I look at the fuels and the energy, i.e., pellets and burning for energy, that should be the last part of the circular economy, the last stitch, because you're burning it and it's a final product. You can't make another product once you've used the fuel or the energy. But if you produce a biomaterial or you produce a two-by-four and that goes to pulp and paper and then it goes to materials production and then the residuals from that finally go forward to whatever can't be used in those others and they go into fuel or energy, that's the complementary cycle that we need to develop in the forest sector for B.C.