At the commencement of a project, we do what is called the “greenhouse gas options analysis methodology”. That methodology considers all the materials that will be used, and each of them has what is called an “environmental product declaration”, which identifies both the amount of embedded carbon and the carbon that will be sequestered or emitted by the product. I believe one of my colleagues, earlier in the week, also spoke about the price of carbon at $300 a tonne.
All of these things are taken into consideration at the commencement of a project. The total price of a project takes into account many contributing factors. Ultimately we are trying to do construction with all the materials that, at the end of the day, produce the lowest GHG emissions possible for Canada.
If wood is that product, the options analysis will clearly identify it.