Stampede Drilling Rig 22 on Jan. 27, 2024, near Lampman. Photo by Brian Zinchuk
The Canadian Association of Energy Contractors (CAOEC) issued the following statement on Jan. 16 with regards to the coming trade war with the Trump-led United States:
For half a century, free trade has yielded mutual benefits for both Canada and the United States. This collaboration has led to the creation of a highly integrated and efficient North American marketplace, which, in turn, promotes wealth and prosperity. Trade continues to support our shared economic goals as well as the national security interests of both countries.
It is unfortunate that the significant benefits of this trading relationship are now being threatened, with both countries likely to experience adverse effects. CAOEC is aligned with the position of Alberta Premier Danielle Smith and opposes intervention by any government, including tariffs and countervailing actions, as government interference in the market often results in unfavourable outcomes. Our experience indicates that tariffs and trade restrictions would have detrimental impacts on the Canadian oil and gas industry, particularly affecting frontline workers and energy service businesses in rural, remote, and Indigenous communities.
Regrettably, Canada faces limited markets for its oil and gas products and lacks too few options to adequately respond to possible actions by the United States. However, significant diversification opportunities have emerged with the completion of TMX and the upcoming commissioning of LNG Canada. It is imperative that we prioritize and expand these efforts through the development of additional pipeline egress and LNG export capacity. Such initiatives will bolster our socioeconomic future and protect the interests of Canadian workers and businesses.
- 0086 Sask Gov Oil and Gas Incentive Programs0086 Sask Gov Oil and Gas Incentive Programs
- 0085 Turnbull snow removal call office0085 Turnbull snow removal call office
- 0084 EMP Metals Pipeline Online0084 EMP Metals Pipeline Online
- 0077 Caprice Resources Stand Up For Free Speech0077 Caprice Resources Stand Up For Free Speech
- 0076 Latus only0076 Latus only
- 0061 SIMSA 2024 For Sask Buy Sask0061 SIMSA 2024 For Sask Buy Sask
- 0055 Smart Power Be Smart with your Power office0055 Smart Power Be Smart with your Power office
- 0051 JML Hiring Pumpjack assembly0051 JML Hiring Pumpjack assembly
- 0049 Scotsburn Dental soft guitar0049 Scotsburn Dental soft guitar
- 0041 DEEP Since 2018 now we are going to build0041 DEEP Since 2018 now we are going to build
- 0032 IWS Summer hiring rock trailer music
- 0022 Grimes winter hiring
- 0021 OSY Rentals S8 Promo
- 0018 IWS Hiring Royal Summer
- 0013 Panther Drilling PO ad 03 top drive rigs
- 0011
- 0006 JK Junior
- 0002 gilliss casing services0002 gilliss casing services
- 9002 Pipeline Online 30 sec EBEX9002 Pipeline Online 30 sec EBEX
- 9001