The current government has de facto cancelled two pipelines and a dozen oil sands and LNG projects, and increase the red tape preventing not only the other others from being approved, but from even being considered
Canada remains at the mercy of the U.S., a customer that receives a discount as a result because we have limited capacity to sell to anyone else…& though very valuable, this is just one industry and one export commodity.
If there are proponents for new pipelines that would reduce that dependency, their approval should be guaranteed and fast-tracked in the national interest.
China (in reaction to Trumps threats) further tightened export controls on its critical minerals, as part of its retaliation to the 10-per-cent tariffs Trump announced last Saturday. As the
U.S. Geological Survey’s mineral summary for 2024 illustrated, the U.S. is reliant on imports for more than half of the 50 or so non-fuel minerals it needs for its industry. China is the main source for 24 of those;
Canada for 23.
Despite Trump’s protestations that America doesn’t need anything from Canada, his administration has clearly identified this country as a strategically important asset that should be acquired by hook or crook or economic leveraging.
View attachment 27423The Wall Street Journal reported this week that Trump’s CIA will have a greater focus on the Western Hemisphere, targeting countries
“not traditionally considered adversaries” to give the president extra leverage in trade negotiations.