Trump Threatens Higher Tariffs on Canada
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To borrow U.S. President Donald Trump’s style: ABSOLUTELY, we need more pipelines! Canada needs new oil and gas pipelines to tidewater. These projects are both politically and strategically vital, ranking among the most consequential nation-building initiatives the country can pursue.
Trump suggested in February that he wanted to revive the Keystone XL project. The president sees it as a way to strengthen the American energy security market by ramping up oil deliveries from Canada while reducing U.S. reliance on oil imports from volatile regions around the world.
A new oil pipeline to the British Columbia coast is highly likely to be included on a list of projects deemed to be of national importance to the Canadian government, Prime Minister Mark Carney told the Calgary Herald newspaper in an interview published on Sunday.
Prime Minister Mark Carney said it is “highly, highly likely” that a new oil pipeline to Canada’s West Coast will be proposed as a nation-building project, positioning it to benefit from Ottawa’s new fast-track process for major developments.
A tanker is headed to South Korea with a first shipment of liquefied natural gas from Canada, which hopes to reduce its export reliance on its neighbor.
The federal government, industry, and provinces are seizing the crisis to try and build more stuff more quickly - "build, baby, build" in the words of our prime minister - under the premise that it will help reduce dependency on an increasingly unpredictable neighbour.
President Trump is pushing through with his tariff agenda, unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.
An Alberta oil and gas exploration company with a nearly decade-long history of safety and environmental infractions is now facing an ultimatum from the Alberta Energy Regulator.