The Canadian province of Alberta is straight away halting purchases of US alcohol and altering its procurement guidelines to answer President Donald Trump’s tariffs, whereas focusing longer-term efforts to export extra oil and fuel to different markets.
Alberta Premier Danielle Smith stated Wednesday that she nonetheless doesn’t help taxing or lowering oil and fuel exports to the US, however that the province will work on constructing pipelines to Canada’s coasts to extend shipments to Asia and Europe. The province is dwelling to the world’s third-largest crude reserves and provides the overwhelming majority of the 4 million barrels a day of oil the US imports from Canada.
Alberta’s sources are “considerably bigger and way more accessible than the rapidly declining oil and fuel reserves positioned in the US,” Smith stated at a press convention Wednesday. “Whether or not the US president needs to confess it or not, the US not solely wants our oil and fuel right this moment, they’re additionally going to wish it increasingly with every passing yr.”
- Advertisement -
Canada’s federal and provincial governments have rolled out a collection of countermeasures this week in response to Trump’s tariffs, with insurance policies focusing on US alcoholic drinks among the many frequent choices. Provincial governments in Canada have management over alcohol distribution and in some circumstances even run retail shops. Ontario and British Columbia have already begun pulling US merchandise off these cabinets.
Smith stated she’s additionally pursuing longer-term measures to strengthen Canada’s financial place, together with free commerce and labor-mobility agreements with different provinces. Premiers of neighboring provinces have additionally proven some receptiveness in current weeks to pipeline initiatives that may enable Canada to export power to non-US markets, she stated.
“There’s a actual spirit of collaboration among the many premiers,” Smith stated.
Prospects embrace a spur line off the Trans Mountain oil pipeline or a revival of the Northern Gateway crude conduit to British Columbia, Smith stated. The northern territory of Nunavut is inquisitive about creating Grays Bay for rail, highway and pipeline initiatives, she stated.
Different potential initiatives embrace an export hyperlink to Alaska and infrastructure on Hudson Bay, the place ice breakers can clear a path for ships. A revival of the Power East oil pipeline from Alberta to Canada’s east is feasible if a path will be discovered that avoids Montreal, Smith stated.
Generated by readers, the feedback included herein don’t mirror the views and opinions of Rigzone. All feedback are topic to editorial evaluate. Off-topic, inappropriate or insulting feedback shall be eliminated.
MORE FROM THIS AUTHOR
Bloomberg
