CANADA-U.S. RELATIONS Proposed Emissions Cap Threatens Critical Canada-U.S. Energy Trade by Deborah Jaremko The vast majority of Canadian oil exports to the United States are processed in Midwest states. Here, the Cushing Terminal near Cushing, Oklahoma is Enbridge’s largest tank farm and the most significant trading hub for North American crude. Photo courtesy Enbridge
Canada and the United States share something that doesn’t exist anywhere else: a vast, interconnected energy network that today produces more oil and gas than any other region, including the Middle East, according to analysis by S&P Global.
It’s a blanket of energy security researchers called “a powerful card to play” in increasingly unstable times.
But, according to two leaders in governance and energy policy, that relationship is at risk.
Analysis has shown that the federal proposal to cap emissions in Canada’s oil and gas sector would result in reduced production. That likely means less energy available to Canada’s largest customer, the United States.
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