The U.S. is trying to achieve 'energy dominance.' What does that mean for Canada?
CBC
Speaking in front of thousands of energy executives and global political leaders gathered in Houston, the new U.S. energy secretary rhapsodized about the many conveniences of modern life that are powered by fossil fuels.
Airplanes. Air conditioning. Washing machines. Dryers. Television.
Going forward, said Chris Wright, the U.S. government isn't asking for people to make "sacrifices" in a bid to fight climate change. Instead, he said, it's entering a new era of "energy dominance," in which the United States ramps up energy production to bring cheap power to more Americans and to consumers around the world.
"We are unabashedly pursuing a policy of more American energy production and infrastructure, not less," Wright said on Monday, speaking at the CERAWeek by S&P Global conference, which has been described as the Super Bowl of energy.
"Our goal is to reindustrialize America, not deindustrialize America."
While Wright said he isn't opposed to clean power (he expressed a fondness for geothermal and nuclear, in particular), the key planks of the "energy dominance" plan involve ramping up production of oil, gas and critical minerals.
As U.S. President Donald Trump has put it: Drill, baby, drill.
At the same Texas event, the Canadian and Alberta governments are both visibly trying to attract investment with flashy displays. Even though Canada and the U.S. are in the midst of a destabilizing trade war, officials from north of the border are looking past it, in hopes of getting a piece of the energy pie.
"Co-operation is important," said Susan Harper, Canada's consul general in Dallas.
Harper is part of the federal government team hosting business meetings and a dinner in Houston this week to promote the opportunities to invest in Canada. Part of the message is about getting rid of tariffs, too.
"They are not good for Americans. They are not good for Canadians as well," she told CBC News.
In the U.S., the new administration is clear about wanting to boost the amount of oil and natural gas produced in the country in the name of energy security, jobs and affordability.
"The emphasis of the new Trump administration is incredibly different than the Biden administration," said Samantha Gross, director of the Energy Security and Climate Initiative at the Brookings Institution, a non-profit based in Washington, D.C. "They are laser focused on expanding fossil fuel development."
It's not yet clear what this plan will mean for the oil and gas industry. Companies like Exxon Mobil have said it's unlikely they'll change their production plans as a result.
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