How a win for Trump or Biden could dramatically change Canada’s oil industry

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U.S. President Donald Trump and former U.S. Vice-President Joe Biden have offered two vastly divergent plans for the U.S. oil industry. How could each of their plans affect the future of Canada’s oil industry?

This year has already been challenging for Canada’s oil and gas sector, with COVID-19 lockdowns and a global price war between Russia and Saudi Arabia dragging the price of oil down to historic lows.

Biden’s plan includes adding solar and wind farms across the U.S., building more charging terminals for electric cars and expanding the use of clean energy in industries such as transit and construction to cut fossil fuel emissions. The Democratic candidate has vowed to ensure that the U.S. reaches net-zero emissions “no later” than 2050.

Part of that plan also includes killing the Keystone XL pipeline. Biden has made it clear that he does not want to see the project completed, calling it “tarsands we don’t need.” If elected, Biden has promised to cancel the project, saying Keystone XL doesn’t make sense economically or environmentally.Supporting the U.S.

“These projects that looked promising at the time they were proposed may no longer meet the test of being cost effective,” Antweiler told CTVNews.ca in a phone interview.

 

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Not only that but it may also lead to Justin's decision on Huawei, we know Biden is China's man.

Biden we are finished same with usa the liberals are our biggest problem fake news

Canada loses market share and access no matter which party wins as they scramble to prop up Their market at Canada's expense. Both parties show they treat Agreements and International law as latrine paper. Canadian public will be shook down to pay Subsidies AGAIN

Not so sure. Trump only wants us oil and Biden wants none. Either way it’s zero for Canada.

get rid of jackass

It was foolish for Kenney to invest Taxpayer dollars in Keystone. One of the dumbest moves a Premier has ever made.

BS oil boomed with OBama. Biden knows oil is the best good paying job industry

If you guessed that the word 'Trudeau' is written zero times in this article, you'd be correct. It's just the China virus, price wars, and another country that changes the oil industry dramatically, you see.

Well Harris Biden Admin would kill canadian Oil jobs for one Vote Orange man bad!

Considering no one shows up for Biden rallies, we can only assume Trump will win in a landslide. Trump2020Landslide

It’s not even worth fighting these Arab countries that have the oil and we are supposed to be getting away from oil and go electric. Leave the oil in the oil sands it’s not worth taking it out when is the west gonna get this through there thick skulls and brains

Trump has an economic plan that benefits Canada, because he wants trade from “friendly” countries Biden has a plan that will destroy Canada’s economy, and will further Chinese economic plans and at the same time, destroy the environment.

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