Canadian Energy Sector Urges Pipeline Expansion in Response to U.S. Tariffs
Industry leaders call for increased infrastructure and market diversification as U.S. imposes 10% levy on Canadian oil and gas imports.
- U.S. President Donald Trump has implemented a 10% tariff on Canadian oil and gas imports, intensifying calls for Canada to diversify its energy export markets.
- Enbridge CEO Greg Ebel stated that Canada's regulatory environment hinders new pipeline projects and suggested declaring such projects in the national interest to expedite development.
- The Canadian Association of Petroleum Producers emphasized the need for urgent policy changes to expand access to Asian and European markets and reduce reliance on the U.S.
- Enbridge announced a $2 billion investment in its Mainline pipeline system through 2028, citing continued strong demand for Canadian crude in the U.S. despite the tariffs.
- Environmental groups cautioned against rapid expansion of oil and gas infrastructure, advocating for a focus on clean energy development to address long-term energy security.