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Released April 02, 2025 | SUGAR LAND
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Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--A "Canada First" energy corridor would help the energy-rich nation address the U.S. government from a position of strength, Conservative Leader Pierre Poilievre said.
U.S. President Donald Trump's tighter tariffs with top U.S. trading partners went into effect on Tuesday. A 25% tariff, a tax on imports, was imposed on Canadian goods and a 10% tax was slapped on Canadian energy last month, though Trump eventually backed off. He's dubbed Wednesday as "Liberation Day," when sweeping tariffs would go into effect.
Tariff threats emerging since even before Trump returned to the White House for a second, non-consecutive term in office have upended Canadian politics. Former Finance Minister Chrystia Freeland resigned in December amid concerns over "economic nationalism" from Trump, and long-time Prime Minister Justin Trudeau stepped aside early this year.
Newly minted Prime Minister Mark Carney, a Labor leader like Trudeau, called for snap elections later this month. Challenger Poilievre, a Conservative, said the Labor Party has failed Canadians for years and it's time for a new path forward by creating a so-called Canada First energy corridor.
"Our Canada First National Energy Corridor will get us out from under America's thumb and enable us to build the infrastructure we need to sell our natural resources to new markets, bring home jobs and dollars, and make us sovereign and self-reliant to stand up to Trump from a position of strength," Poilievre said Monday.
With few coastal options available, most of the Canadian crude oil exports head to the U.S. economy. At 4 million barrels per day on average, Canada accounts for 60% of all the crude oil taken in by the U.S. from foreign suppliers.
Much of the U.S. refining sector is tailored to run the heavier type of crude oil found in Canada, rather than that light, sweet crude oil found in shale basins.
Poilievre complained that 16 major energy projects were killed by the Liberal Party between 2015 and 2020. Liberals also embraced Bill C-69, the so-called no-new-pipelines law, which would thwart coastal trade options for Canada.
Provincial leaders have made similar calls since Trump's return to office. Ontario Premier Doug Ford called for export tariffs on Canadian energy, while Alberta Premier Danielle Smith advocated for east-west trade corridors.
Carney, for his part, proposed the creation of a "First Mile Fund," which would support rail and roadways between energy extraction sites. Elsewhere, as much as $140 million in federal funds would go toward the construction, commissioning and operation of the Cedar liquefied natural gas (LNG) facility in British Columbia.
Cedar LNG will consist of a floating liquefied natural gas (FLNG) facility in Kitimat, with a nameplate capacity of about 440 million cubic feet per day. Cedar is controlled by Pembina Pipeline Corporation (NYSE:PBA) (Calgary) and the aboriginal Haisla Nation. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project and Plant databases can learn more from a detailed project report and plant profile.
An expansion of the Trans Mountain crude oil pipeline to British Columbia offers some export flexibility as well. Approved in 2019, an expansion pushed the capacity on the 714-mile pipeline that runs from Alberta to 880,000 barrels per day.
Both could open the nation up to opportunities in the Asia-Pacific.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
U.S. President Donald Trump's tighter tariffs with top U.S. trading partners went into effect on Tuesday. A 25% tariff, a tax on imports, was imposed on Canadian goods and a 10% tax was slapped on Canadian energy last month, though Trump eventually backed off. He's dubbed Wednesday as "Liberation Day," when sweeping tariffs would go into effect.
Tariff threats emerging since even before Trump returned to the White House for a second, non-consecutive term in office have upended Canadian politics. Former Finance Minister Chrystia Freeland resigned in December amid concerns over "economic nationalism" from Trump, and long-time Prime Minister Justin Trudeau stepped aside early this year.
Newly minted Prime Minister Mark Carney, a Labor leader like Trudeau, called for snap elections later this month. Challenger Poilievre, a Conservative, said the Labor Party has failed Canadians for years and it's time for a new path forward by creating a so-called Canada First energy corridor.
"Our Canada First National Energy Corridor will get us out from under America's thumb and enable us to build the infrastructure we need to sell our natural resources to new markets, bring home jobs and dollars, and make us sovereign and self-reliant to stand up to Trump from a position of strength," Poilievre said Monday.
With few coastal options available, most of the Canadian crude oil exports head to the U.S. economy. At 4 million barrels per day on average, Canada accounts for 60% of all the crude oil taken in by the U.S. from foreign suppliers.
Much of the U.S. refining sector is tailored to run the heavier type of crude oil found in Canada, rather than that light, sweet crude oil found in shale basins.
Poilievre complained that 16 major energy projects were killed by the Liberal Party between 2015 and 2020. Liberals also embraced Bill C-69, the so-called no-new-pipelines law, which would thwart coastal trade options for Canada.
Provincial leaders have made similar calls since Trump's return to office. Ontario Premier Doug Ford called for export tariffs on Canadian energy, while Alberta Premier Danielle Smith advocated for east-west trade corridors.
Carney, for his part, proposed the creation of a "First Mile Fund," which would support rail and roadways between energy extraction sites. Elsewhere, as much as $140 million in federal funds would go toward the construction, commissioning and operation of the Cedar liquefied natural gas (LNG) facility in British Columbia.
Cedar LNG will consist of a floating liquefied natural gas (FLNG) facility in Kitimat, with a nameplate capacity of about 440 million cubic feet per day. Cedar is controlled by Pembina Pipeline Corporation (NYSE:PBA) (Calgary) and the aboriginal Haisla Nation. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project and Plant databases can learn more from a detailed project report and plant profile.
An expansion of the Trans Mountain crude oil pipeline to British Columbia offers some export flexibility as well. Approved in 2019, an expansion pushed the capacity on the 714-mile pipeline that runs from Alberta to 880,000 barrels per day.
Both could open the nation up to opportunities in the Asia-Pacific.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
