RELATED VIDEO : Plenty of uncertainty surrounds the future of Canada's energy sector with Donald Trump returning to the Oval Office. Heather Yourex-West explains how that could affect the future of Canadian oil and gas, and the concerns from people involved in Canada's clean energy industry – Nov 7, 2024investor day presentation in Toronto. He said the former U.S. president’s re-election has been “top of mind” for the company, which has a network of“He is very focused on affordability.
Keystone was then revived under the first Trump administration, before President Joe Biden killed it again by revoking the pipeline’s permit on his first day as president in 2021. “We’ve had high-level conversations around Keystone XL. We did mention that project is owned by South Bow … and for conversations around increasing the export of crude oil from Alberta, that would be for South Bow to consider,” Poirier said.
It predicts North American natural gas demand rising to a total of 160 billion cubic feet per day by 2035, an increase of 40 billion cubic feet per day from today’s levels. The company also believes natural gas and electricity will account for 75 per cent of total growth in overall North American energy consumption by 2035.
“The issue with wind and solar is that on its own, you don’t have 100 per cent reliability because these data centres operate on a 24/7 basis,” he said.