Part of it is coming from companies that have an existing business model and don't want to change. They want to keep out these new competitors. We're seeing a lot of disruption around the world where electrification is taking out incumbent industries. It's not just in transportation. It's also in things like heat pumps. In Ontario, there's a whole issue around the Ford government keeping out heat pumps after an Ontario Energy Board decision. On that desire to keep out new competitors that are seeking to actually transform the energy system, frankly, governments shouldn't be backing the incumbents there. They should be looking at what will be best for the long term for society.
Some of it is also coming from the defence of oil and gas, because this is an existential threat to the oil and gas industry. When you start looking at what people are calling the “electrotech revolution”, you can see that before there were things we could only do with oil and gas. We can now do them with electricity. If you're an oil and gas producer, that is a big threat. You're going to throw all the resources you can at blocking this. I mean, to be honest, if I were them, I'd be doing that. I'm not them, but that's a rational response. The goal of our elected officials is to look at what's best for Canada, not what's best for the bottom line of Exxon.
