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
2 June 2025
It is time to acknowledge that the US-Saudi Arabia nexus is driving a fundamental shift in OPEC strategy
2 June 2025
More than anything else, weak Chinese gas demand is providing relief to EU consumers, but it is uncertain how long this relief will last
30 May 2025
Energy majors argue transition debate has started to factor in the complexities of demand shifts and the wider role for gas
29 May 2025
Sovereignty is the watchword for the new government, but there are still upstream opportunities for those willing to work closely with the state
