Nafta 2.0: Dealing with the Devil
Despite being such a prominent component of the trade relationship, energy has hardly come up in Nafta talks. That could change
It's well known that Canada and the US share the longest undefended border in the world. What's less acknowledged is that they also share the world's largest bilateral trading relationship, amounting to almost $1 trillion a year, a partnership which has more than doubled since the North American Free Trade Agreement (Nafta) was implemented in 1993. A substantial chunk of that trade is in oil. Energy alone accounted for a fifth of all Canadian exports to the US in 2016—and that was in a year when oil prices were down, according to the Energy Information Administration. Now, President Donald Trump is threatening to upend a status quo that began with the Canada-US Free Trade Agreement in 1988 a
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
