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The Case for Building
The United States buys about 95% of Canada’s exported oil and 99% of our exported natural gas.
The main reason for this overreliance on a single customer is that Canada doesn’t have the infrastructure in place to directly access other global markets. Rather, we’ve seen hundreds of billions of dollars in export infrastructure projects get cancelled over the last decade.
Canada will likely continue to sell the majority or our oil and natural gas to the United States for decades to come because it is the largest energy market in the world and the countries are physically connected by borders and shared infrastructure.
However, recent trade tensions have awakened many Canadians to the fact we cannot take this relationship for granted, and we are not energy secure. Canada’s inability to access global markets or even provide citizens across the country with our own energy has become a threat to our very sovereignty.
Canada has opportunities to build a more resilient and prosperous economy. Major, economy-driving projects that can secure our energy future are waiting to be built. To act on these opportunities, we need a significant reset across Canada in terms of fiscal, tax, infrastructure, permitting, and energy and environmental policy.
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