'We have to be bold': Saskatchewan, Alberta premiers on energy and restoring investor confidence
Article content
Smith and Moe discussed national energy security and Prime Minister Mark Carney's notion of Canada becoming an 'energy superpower' during an event hosted by Enserva, an energy sector association, at the Calgary Telus Convention Centre on Monday.
Article content
Moe noted that he's 'cautiously optimistic' about the current situation, a shift from pessimism during the past several years under former Prime Minister Justin Trudeau.
Article content
Article content
'There are some comments from this prime minister that I truly think we can get behind,' said Moe, highlighting Carney's notion of Canada becoming a 'global energy superpower.'
Article content
Smith noted the importance of Alberta's exports south of the border and elsewhere. Oil from the province goes to 55 refineries in the U.S., 20 of which are 100 per cent reliant on Canadian oil. In addition, Alberta supplies almost 60 per cent of crude imports to the U.S. and more than 8.6 billion cubic feet of natural gas daily, according to Smith.
Article content
According to ATB Economics, over 88 per cent of Alberta's exports were to the U.S. last year, nearly the same as in 2023. For 2024, energy products also accounted for 82 per cent of the province's exports to the U.S.
Article content
Article content
'Our province is already a cornerstone of North American energy security, whether (the) U.S. president will admit it or not, we are critical to the United States' supply,' said Smith.
Article content
Regarding some from the U.S. taking about 'American energy dominance,' Moe said: 'You need to put the word north in front of your statement, because there is no American energy dominance if you're not going to have North American energy dominance, North American security.'
Article content
According to Moe, the opportunity is 'ripe' for Canada, and not shifting policies around energy would be the 'greatest missed opportunity that this nation has ever experienced.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Global News
42 minutes ago
- Global News
Hot Docs sells its cinema for $6.25 million, but will continue leasing it
See more sharing options Send this page to someone via email Share this item on Twitter Share this item via WhatsApp Share this item on Facebook Hot Docs has sold its flagship cinema but will continue to run the space in Toronto's Annex neighbourhood. The organization that runs Canada's largest documentary film festival says the buyer is a 'neighbour who is interested in supporting the arts in Toronto,' who has asked to stay anonymous. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy A spokesperson says the building on Bloor Street West sold for $6.25 million. The non-profit put the theatre up for sale last year as it warned supporters that financial pressures were putting the festival at risk. Hot Docs says the sale came with a multi-year leasing agreement. The century-old cinema is a cultural landmark in the Annex, acting as a hub for the Hot Docs festival and screening Canadian and international documentaries, along with hosting special events and showcases.
Winnipeg Free Press
42 minutes ago
- Winnipeg Free Press
Court upholds ruling requiring airline to compensate families of Flight PS752 victims
Ontario's highest court has upheld a ruling that found Ukraine International Airlines legally responsible to pay full compensation to families of victims who died in the downing of Flight PS752. On Jan. 8, 2020, the plane was shot down by two Iranian missiles just minutes after taking off from Tehran, killing all 176 people on board. Most of the passengers were bound for Canada, including 55 Canadian citizens and 30 permanent residents, while many others had connections to Canada. Last year, an Ontario court found that Ukraine International Airlines was negligent because it failed to conduct a proper risk assessment for the flight out of Tehran. The court found that decision meant the airline could not limit the amount of compensation it provided to families. The Court of Appeal for Ontario dismissed the airline's appeal in a decision released today. Joe Fiorante, a lawyer representing some of the families in the case, called the ruling 'an important result' for those who lost loved ones in the incident. 'The ruling of the Court of Appeal brings a small measure of justice for the families,' Fiorante said in a press release. This report by The Canadian Press was first published Aug. 11, 2025.
Cision Canada
an hour ago
- Cision Canada
The CBSA launches an investigation into the alleged dumping of oil country tubular goods from Mexico, the Philippines, South Korea, Türkiye and the United States of America Français
OTTAWA, ON, Aug. 11, 2025 /CNW/ - The Canada Border Services Agency (CBSA) announced today the initiation of an investigation into whether certain oil country tubular goods (OCTG) are being sold in the Canadian market at unfair prices. The investigation focuses on imports from a small number of large steel producers operating in or exporting from Mexico, the Philippines, South Korea, Türkiye, and the United States. These practices, if confirmed, may distort fair competition and impact Canadian producers. The CBSA's investigation follows a complaint filed by two Canadian producers: EVRAZ Inc. NA Canada and Welded Tube of Canada Corporation. Under the Special Import Measures Act, the CBSA is required to initiate an investigation when a complaint meets the legislative requirements, including sufficient evidence of dumping and resulting injury. In this case, the complainants allege that certain imports—some supplied by multinational firms, including those with operations in Canada—are being dumped in the Canadian market, causing material injury. They cite impacts such as lost market share, price undercutting, reduced profitability, and job losses within the domestic industry. The CBSA and the Canadian International Trade Tribunal (CITT) both play a role in the investigation. The CITT will begin a preliminary inquiry to determine whether the imports are harming Canadian producers and will issue a decision by October 10, 2025. Concurrently, the CBSA will investigate whether the imports are being sold in Canada at unfair prices, and will make a preliminary decision by November 10, 2025. Currently, there are 158 special import measures in force in Canada, covering a wide variety of industrial and consumer products. In 2024, these measures have directly helped to protect approximately 45,000 Canadian jobs and $18.4 billion in Canadian production. Quick facts OCTG is comprised of oil and gas well casing, used to prevent the walls of bored holes from collapsing and tubing used to convey liquids and gas to the surface. For more product information, please refer to the CBSA's Anti-dumping and countervailing webpage. In accordance with the product definition provided in the complaint, the subject goods under investigation are classified as OCTG: originating in or exported from Mexico and the Philippines originating in Türkiye and exported or produced by, or on behalf of, Borusan Mannesmann Boru Sanayi ve Ticaret A.Ş. originating in South Korea and exported or produced by, or on behalf of, Hyundai Steel Company Hyundai Steel originating in the United States of America and exported or produced by, or on behalf of, Tenaris S.A. The Canadian market size for OCTG is estimated to be over $1.81 billion annually. A statement of reasons, with additional details about the investigation, will be available on the CBSA's website within 15 days from the date the investigations are launched. Canada's trade remedy system is designed to ensure that imported goods are priced fairly relative to domestic products. To counteract unfair trade practices, the CBSA has the authority under the Special Import Measures Act to initiate investigations if a complaint is properly documented and impose trade remedy measures when there is evidence that dumping or subsidizing is causing or threatens to cause injury to Canadian producers. Follow the CBSA on X (@CanBorder), Facebook, Instagram, YouTube and LinkedIn. SOURCE Canada Border Services Agency
