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Suncor Energy Inc
Symbol SU
Shares Issued 1,244,600,884
Close 2025-01-14 C$ 57.11
Market Cap C$ 71,079,156,485
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FP says MEG, rivals fear energy export weaponization

2025-01-15 09:20 ET - In the News

See In the News (C-MEG) MEG Energy Corp

The Financial Post reports in its Wednesday edition that Canada's disordered response to Donald Trump's threat of tariffs, along with fears within the oil patch that Ottawa could target energy exports as a retaliatory measure, has prompted five of the country's largest energy-focused industry associations to band together in the face of a potential trade war with the United States. The Post's Meghan Potkins writes that the Canadian Association of Petroleum Producers, Pathways Alliance, Enserva, Explorers and Producers Association of Canada and Canadian Association of Energy Contractors on Monday announced plans to coordinate a joint working group to push back against Mr. Trump's threat of a 25-per-cent tariff on all Canadian goods. CAPP president Lisa Baiton said: "Canada is not where it should be in its preparations for a major trade negotiation with somebody like president Trump. Usually at this time, there would be formal industry tables feeding into the Team Canada thinking and positioning, and since that hasn't happened yet we've set up our own table." Part of the fear gripping the Canadian oil and gas sector is that energy exports could be weaponized if a trade war were to erupt between the two countries.

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