It's difficult. As a scientist, I tend to look at facts without policies and see how they compare. It's a sadder story for the forest industry in Canada because it will cost more to produce SAF here than it would cost elsewhere.
If you look at ethanol and agriculture, it's a completely different story. It's much cheaper to produce ethanol out of corn or canola, and other things. With forestry, you need to take our superb fibre—and I say that with pride—which is different from the other, and decompose it to the simple chemical expression, therefore removing all of the advantages we had, bringing it to a simple thing and then rebuilding it. If I were an oil company, I may go elsewhere to do it. If you look at Europe currently, the SAF quota is fulfilled by China because it's cheaper to do it in China than in Europe, more and more, every day.
There's a story to be told. There's something to be looked at. I'm not saying it's yea or nay; it's a choice of policy. That's your job, not mine. From a cost perspective, we have to do the right thing. From a competitive advantage, we have great fibre. Let's focus on making the best we can.
However, on the residue side, it's different.