We heard in the last panel that the time has already passed for CCUS. I think that couldn't be further from the truth. But if Canada is a laggard in anything, it's in investing in carbon capture. We've already seen Norway investing in carbon capture. In fact, they're providing a straight-out subsidy paying for two-thirds of the cost of a carbon capture and utilization strategy, with industry paying only one-third of the cost, because Norway is so committed to reducing those greenhouse gas emissions.
In the United States, as you mentioned, the section 45Q tax credit was introduced back in 2008 and reformed in 2018, so they have a lot of experience with it. It has jump-started numerous CCUS projects. It now even has bipartisan support to be expanded, and we know how hard it is to get bipartisan support for anything in Washington. The major difference with the 45Q tax credit is that it also supports tax credits for enhanced oil recovery. That's obviously the most economic and, from an industry perspective, the most attractive tax credit.
If anything, I would say that Canada's and the Liberals' plan to introduce this tax credit for CCUS, although good, doesn't go far enough. If we're really concerned about the emissions, as the last MP noted, someone else is producing it if Canada isn't producing it, so let's make it as clean as possible in Canada. When you also do—