The push for Canada to send more of its oil and natural gas to markets outside of the United States intensified Tuesday as U.S. President Donald Trump pressed ahead with a 10 per cent levy on energy imports.
“This crisis demonstrates the clear and urgent need to build more natural resource infrastructure,” said the Explorers and Producers Association of Canada, which represents conventional oil and gas producers.
“A bold and necessary action that the Canadian government should take to respond is to build retaliatory pipelines to diversify our economy to other markets beyond the United States, growing our economic power and supporting Canadian values.”
Lisa Baiton, president and CEO of the Canadian Association of Petroleum Producers (CAPP), called for an urgent policy overhaul to allow viable projects to proceed.
She said diversifying exports into Asia and Europe would promote long-term stability, and that securing Ontario and Quebec’s energy supply must be a national priority as well.
“We are at a significant moment in Canada’s history — we need to seize this moment,” she said.
“The choices we make today will determine whether we become a global energy leader or continue to fall behind.”
Meanwhile, Alberta Premier Danielle Smith said her province sits on one of the biggest petroleum reserves in the world, and before the tariffs came in, she would have loved to double the amount sold to the United States.
“Now we’re going to have to look at ‘Can we sell more off the West Coast, the East Coast and up north,’ because if the Americans don’t want our products, the rest of the world does,” she told CNBC in an interview Tuesday.
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“America’s been in a very good position by being the first and primary customer and purchaser of a discounted oil, and we’re going to have to look for new markets, too, if this persists.”
The CEO of Enbridge Inc., which on any…
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