The Canada-Texas trade relationship, according to Canada's Department of Foreign Affairs and International Trade, is valued at $21.1 billion and supports more than 625,000 jobs in Texas. There are 240 Canadian-owned companies employing nearly 39,000 people in 1,042 Texas locations. More than 8 million jobs in the total U.S. are dependent on U.S. and Canadian trade, with merchandise trading between the two countries totaling $392 billion.
Discussing carbon emissions in the Canadian oil sands, Doer says the government has agreed to reduce emissions by 17%, but he adds that doesn’t mean it’s 17% for all industries. “We’ll continue to work with the industries to reduce emissions at the oil sands with them, but when we look at Canada’s policies on getting to our 17% target, some things will be harmonized with the U.S. like vehicles, but we have a lot of coal plants that are getting older, and that represents close to 19% of the emissions in Canada,” says Doer. The new regulations will eliminate all but two Canadian coal plants, the rest replaced with gas-fired and hydroelectric plants. He adds that U.S. coal usage creates 60 times greater greenhouse gas emissions than the Canadian oil sands. Doer shared one humorous account of the Copenhagen Summit in 2009, where a panel was discussing the need to end dependence on fossil fuels. He mentioned one actress, who he would not name but said she once played a mermaid, said during the panel that she had completely weened herself off of fossil fuels. To this, Doer remarked "That must have been a really long kayak trip from Hollywood to Copenhagen."Recommended Reading
Orange Basin Serves Up More Light Oil
2024-03-15 - Galp’s Mopane-2X exploration well offshore Namibia found a significant column of hydrocarbons, and the operator is assessing commerciality of the discovery.
Second Light Oil Discovery in Mopane-1X Well
2024-01-26 - Galp Energia's Avo-2 target in the Mopane-1X well offshore Namibia delivers second significant column of light oil.
CNOOC Finds Light Crude at Kaiping South Field
2024-03-07 - The deepwater Kaiping South Field in the South China Sea holds at least 100 MMtons of oil equivalent.
Sinopec Brings West Sichuan Gas Field Onstream
2024-03-14 - The 100 Bcm sour gas onshore field, West Sichuan Gas Field, is expected to produce 2 Bcm per year.