It all depends on what we're looking at and the goal we want to achieve. If we're aiming for decarbonization, we clearly need regulations to set a price on carbon. Fundamentally, technology and engineering alone won't lead us to a competitive price, whether we take the traditional path of oil and gas or that of forestry to get there. It's clear: We need policies to get there.
As for the other aspect of your question about whether we can support the forestry industry by generating energy, the answer is a resounding yes. However, we have to look at what we are doing and where we're doing it. Where are the power transmission lines? Where are the oil transmission lines? Where is the accessible biomass?
Someone in this committee asked whether there was enough biomass. Again, it's a big “it depends”. If I go into the forest to collect residues, it's very expensive. If I'm already harvesting trees for construction lumber, it costs less. So there is a deep integration that needs to be considered. We have to think about the locations. In the current context, I'll go a step further. We really have to look at which areas—which Canadian ecosystems—we can protect or help survive to ensure that we have an industry going forward. A one-size-fits-all policy won't work for the industry. We really have to proceed on a case-by-case basis.