Tag Archives: Canada Oil Exports

IEA Executive Director’s statement on oil markets

Statement by IEA Executive Director Fatih Birol:

The IEA is closely monitoring the situation in oil markets following recent developments in the conflict in the Middle East.

The escalation in hostilities affecting the Strait of Hormuz and energy infrastructure in the region increases security of supply concerns and uncertainty over the market outlook. Threats to the Bab el-Mandeb Strait, which has become increasingly important as a route to bypass the Strait of Hormuz, exacerbate these concerns further. 

For the moment, crude oil markets continue to benefit from several cushioning factors.

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Pierre Poilievre: Stronger At Home – Leverage Abroad (Full text)

To some extent the speech that Conservative Leader Pierre Poilievre gave at the Economic Club of Canada, in Toronto, on Thursday February 26, 2026, seems like a response to what Prime Minister Mark Carney said at the World Economic Forum a month before. Here is the full text, obtained through MP Aaron Gunn’s constituency office in Ottawa.

Toronto, ON – Merci beaucoup. Thank you very much to Michael and Shelby, two critical members of our Conservative team, to deliver a stronger Canada at home so we have unbreakable leverage abroad. Nearly two thousand years ago, Marcus Aurelius delivered a timeless truth:

You have power over your mind – not outside events. Realize this, and you will find strength.

That idea is not only true for people, but also for countries. Canada cannot control decisions made by foreign leaders or words by foreign presidents. We cannot control what global shocks and volatility might happen, but we do control what we do in our own country.

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Are Oil and Gas emissions holding Canada back from reaching its climate goals?

On March 21, Environment and Climate Change Canada issued a press release stating that in 2023 Canada’s greenhouse gas emissions dropped to their lowest level in 27 years (excluding the pandemic years). The exception in this otherwise positive picture was the oil and gas sector, where emissions continue to rise. However there is good news within that sector as well, ‘fugitive greenhouse gas emissions from oil and natural gas have decreased by 33% between 2013–2023, driven in part by Canada’s 2020 oil and gas methane regulations, which have reduced methane venting and leaks.’  

“The two main messages from the National Inventory report last week, which I feel are really important, is that climate policy works. Over the last 10 years, Canada’s greenhouse gas emissions have gone down. Our methane emissions have gone down. Our electricity has become less emissions intensive, and all of that has happened while our economy has grown. This is a significant point to make. And this is something that environmental groups, activists, researchers, community leaders, all of them have been saying for decades,” responded Aly Hyder Ali, from Environmental Defence. 

“The other aspect of the report was that the oil and gas industry is holding us back. The oil and gas industry has failed to do its part when it comes to emissions reductions and if it was able to or willing to do that, Canadians would be in a much better place.”

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Explainer: Why Canadian oil is so important to the United States

Complementary production in Canada and the U.S. boosts energy security

By Deborah Jaremko, Originally published on the Canadian Energy Centre

The United States is now the world’s largest oil producer, but its reliance on oil imports from Canada has never been higher.

Through a vast handshake of pipelines and refineries, Canadian oil and U.S. oil complement each other, strengthening North American energy security.

Here’s why.

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U.S. tariffs or not, Canada needs to build new oil and gas pipeline space fast

Expansion work underway takes on greater importance amid trade dispute

By Grady Semmens, Originally published on the Canada Energy Centre

Last April, as the frozen landscape began its spring thaw, a 23-kilometre stretch of newly built pipeline started moving natural gas across northwest Alberta.

There was no fanfare when this small extension of TC Energy’s Nova Gas Transmission Limited (NGTL) system went online – adding room for more gas than all the homes in Calgary use every day.

It’s part of the ongoing expansion of the NGTL system, which connects natural gas from British Columbia and Alberta to the vast TC Energy network. In fact, one in every 10 molecules of natural gas moved across North America touches NGTL.

With new uncertainty emerging from Canada’s biggest oil and gas customer – the United States – there is a rallying cry to get new major pipelines built to reach across Canada and to wider markets.

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