Well, certainly I think one of the things we've pointed out within our white paper is that there is a huge opportunity within our sector to support decarbonization efforts not only within traditional hydrocarbon extraction sectors but, I would say, sldo more broadly within what we would define as subsurface extraction commodities or sectors.
One of the interesting things about our industry—and I have to kind of differentiate us from our customers. Our member customers are energy producers. They're the ones who would attract capital into Canada and deploy into either the hydrocarbon-based industries or things like lithium, helium, geothermal, etc. My members are the ones who ultimately hire people and have the equipment and technologies and processes to basically help producers extract those resources. What's really interesting about our sector right now is that although the majority of our industry is in the hydrocarbon-extraction sector, we've seen a huge increase in the extraction of lithium, geothermal and helium as well, which are going to be on the front lines of natural gas, which is going to be the feedstock for blue hydrogen.
When we talk about a transition with our people and our businesses, all roads lead directly through our industry, so we are really looking for support from the government to help us move in that direction. Over the last seven years our particular industry has been completely decimated. We've had a lack of capital entry into our business. That is a function of pricing within the market and how much capital is deployed by our customers.
We're starting to see some sustainability and growth in our industry. If you want to grow the battery technology sector and you want to grow other renewable electricity sources like geothermal and industrial uses for hydrogen through blue hydrogen feedstock, you need our industry in order to do that. Our white paper is saying, “Look, partner with this industry. We can get you there.” We have ready technologies we could deploy in a very short period of time that could decarbonize our industry anywhere between 85% to 90% in a very short period of time. Some areas are going to be tougher to decarbonize because we are operating in very remote locations.
So we're asking for a movement from diesel to natural gas as we move towards net-zero solutions. There is a huge opportunity here to take our workforce along the journey of this transition, but we can't do it without collaboration, particularly with the federal government. That's made clear in our decarbonization pathway in our white paper.