Thank you, Chair.
Minister Dreeshen, the federal government has announced the clean fuel standard, CFS. Its intent is to reduce carbon emissions and to clean up the environment. Interestingly enough, the forest industry does that quite naturally just because managed forests we know sequester carbon.
It would appear to me that the clean fuel standard is going to harm the industry. We know that the industry puts a fair bit of money into innovation and scientific advancements. Now, needing to take that money and put it toward the clean fuel standard is a direct cost to them. There is potential, then, that the increased cost to the industry could penalize their ability to advance science and innovation and therefore do more harm to the environment than good.
Can you comment on that further?