This week, Peter and Jackie discuss Canada's energy security weaknesses for crude oil, natural gas, refined petroleum products, and electricity.
First, they cover recent news, including the latest on US tariffs, the Canadian Prime Minister’s Canada-US Economic Summit held on February 7th, Mark Carney’s Climate Plan, interprovincial trade barriers, and the need to attract private capital to invest in expanding Canada’s energy infrastructure, such as ports, pipelines, rail, and transmission lines.
Next, Peter and Jackie consider Ontario and Quebec's heavy reliance on crude oil and natural gas transiting through the United States. They also discuss Canada’s imports of refined petroleum products and cross-border electricity trade.
Content referenced in this podcast:
- Mark Carney Climate Plan
- CAPP Data Centre “Canadian Imports of US Crude Oil, Natural Gas and Refined Products”
- Peter Tertzakian’s story “The Long Way Around” also on Apple Podcasts
- Financial Post, July 2020: “Cenovus first to announce it’s shipping Western oil to Eastern refineries through the Panama Canal.”
- EIA blog that Canada and US trade in electricity is close to balanced (November 2024)
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