As Donald Trump gears up for a possible return to the White House, Alberta’s oil and gas industry faces uncertainty, with U.S. tariffs on Canadian energy exports. Oil and gas are Canada’s top exports to the U.S., valued at $125 billion in 2023, and Alberta, heavily reliant on this sector, may hit the hardest. A 25% tariff on Canadian oil could lower market prices, reduce production, and cause a huge blow to Alberta’s economy. Some believe that these tariffs may just be a threat as an excuse for other negotiating, but Alberta’s premiere, Danielle Smith, is looking for different routes and ways to deal with the issue if tariffs are increased by the U.S. government. Smith hopes to target different export routes, such as the trans mountain pipeline, to reduce the reliance on the U.S. market, though this is a last resort option as they continue to find a solution that benefits both parties and safeguards Alberta’s energy sector.
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