We've already seen one good Canadian company locate most of its activity in the U.S. where the climate is more welcoming. I forget their name but they are based in Squamish, B.C. Most of the growth has been in the States because there has been a greater impetus to create market conditions. We talk about subsidies. We should also be talking about incentives to decarbonize.
You mentioned Whitecap Resources. I've mentioned the Pathways initiative. I would challenge anyone to go into the regulatory filings of pretty much any publicly traded company in oil and gas in Canada and have a look at what they are doing in the field. All of them are working to reduce their carbon footprint. They know, and I think they take pride in being part of that story. The whole sector is mischaracterized as having some inherent pernicious, evil aim, and that runs through some of the subsidy polemic we've heard today. It is very misleading.
If United States President Biden, a Democrat president, has laid down a large bet on carbon capture, that's going to potentially draw more of the innovation from Canada to the United States, and we will lose it from our small energy start-up sector. We need to be competitive to keep that know-how here.