The Globe and Mail reports in its Tuesday edition that top North American energy executives
made a plea for continued
North American free trade
at a high-profile conference.
The Globe's Shawn McCarthy writes that Enbridge
chief executive officer Al Monaco
and Imperial Oil parent Exxon Mobil's Darren
Woods argued industry and consumers
are best served by open
markets and free trade.
Mr. Monaco said it is
too early to know the impact of the Trump administration's plan to renegotiate the North American free-trade agreement on
his company.
He said, "The value
from the integrated energy
market between the two countries
is unquestionable."
Enbridge completed its $28-billion (U.S.) acquisition of Spectra Energy this past month. It is also awaiting regulatory
approval from the State
of Minnesota to dramatically
expand its main crude-export
line from Alberta to the U.S.
Midwest, and from there connecting
to the Gulf Coast.
Mr. Monaco said he is confident
that project will not be
affected by President Donald
Trump's executive order to
require U.S. steel to be used in
U.S. pipelines. The White House
said last week that it would
exempt TransCanada and
its Keystone XL project from
that order.
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