Natural Resources committee  In terms of direction, it's the right direction. It has been effective. We've seen a number of good examples. I would say that Canada has been second in the field there. This was really developed out of Scandinavia initially, and Stora Enso, the Swedish company, is the biggest in the world in this.

Natural Resources committee  Absolutely, they are, and it's a way to diversify what we're doing with our God-given advantage with a lot of biomass. There was a theme that came up in all three presentations, and that was the softwood lumber agreement. I tied in to it as well. To expand this, the key is to put in the value of carbon in our buildings.

Natural Resources committee  That's a good question. What is the good news? We're not in this alone. The global forest sector is undergoing some real challenges. Right now, particularly in the temperate climates, whether in northern Europe, Canada, or Russia, one of our challenges is that there are some structural changes occurring.

Natural Resources committee  Thanks very much for the opportunity to speak to the committee today. I've been asked to discuss the economic recovery of the forestry sector with a special focus on pathways to a low-carbon future. My name is Don Roberts. I'm the founder and CEO of Nawitka Capital. Nawitka Capital is an investment banking firm focusing on the renewable energy and clean technology sectors with a special emphasis on the emerging bioeconomy.