Letter from Canada: Time for Biden to end hypocrisy
The US president talks the talk on urgent decarbonisation, but cannot ignore bilateral midstream dispute between Michigan and Canada
US president Joe Biden has taken a lot of flak recently for the apparent double standards of his administration’s energy policies, particularly in relation to neighbour Canada and cross-border midstream disputes. On the one hand, the president has been adopting policies and regulations to push for rapid decarbonisation of the US energy mix. On the other hand, politically inconvenient high gasoline prices have forced Biden to beg Opec+ to raise crude production, and more recently his government orchestrated the release of strategic oil reserves with the help of several major oil consuming nations. Ironically, the latter could easily backfire and lead Opec+ to forgo previously agreed upon re
Also in this section
29 April 2026
The UAE’s exit from the alliance marks a decisive step towards a world in which oil markets are shaped less by collective management and more by national strategy
29 April 2026
Trafigura’s $1b prepayment agreement confirms African resource holders’ renewed interest in oil-backed financing deals as they look to capitalise on high oil prices
29 April 2026
The UAE’s departure from the oil producers’ group was a surprise to many, but the move can be traced back to a single point five years ago
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations






