Thank you, Mr. Chair.
I'd like to take a moment, Mr. O'Regan, to offer my condolences on your father's passing.
What amazes me about your presentation is your attempt to marry two concepts that don't go together. On the one hand, you talk about clean technologies and carbon reduction, and on the other, you say that economic recovery will come through natural resources. The most important part of your speech was specifically about hydrocarbons.
I don't know if you are aware of this, but for the past few weeks, we have been studying the potential of the forest industry as likely the most promising natural resource sector to combat climate change.
I will give you a very simple example. I got some numbers, and I chose a four-year reference period. From 2017 to 2020, Canada will have invested $24 billion to support the oil and gas sector. Of that $24 billion, $17 billion went to buying a pipeline.
If I look at the forest industry over the same period, Canada will have invested $952 million. When I break down that $952 million, I see that 75% of that is loans. In my opinion, that means no effort is being made to support the forest industry. Thanks to a number of witnesses, we've seen all the potential of the bioindustry and the use of biomass. I see no plans along those lines. I see no intentions along those lines in the government's recovery plan.
Can you reassure me? I'd like to know where you stand on support for the forest industry.