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US To Strengthen Energy And Mineral Partnership With Canada

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Political RiskCommoditiesPolitical Risk BulletEnergy BulletsBulletMarketsFixed IncomeForeign ExchangeCanadaUS Bank of Canada Market NewsPolitical Market News

The United States Senate Energy and Natural Resources Committee is holding a hearing entitled: 'To Examine The U.S.-Canada Energy And Minerals Partnership.'

  • The hearing can be followed here: https://www.energy.senate.gov/hearings/2022/5/full...
  • The panel includes Jason Kenney (Premier of Alberta), Nathalie Camden (Ministry of Energy & Natural Resources Québec), Mr. Francis Bradley (CEO of Electricity Canada), and Jonathan Wilkinson (Minister of Natural Resources, Canada).
  • Chairman Senator Joe Manchin (D-WV) says he believes that Beijing could follow Moscow's lead and leverage their control over critical minerals. He says that China controls 80% of the worlds critical minerals required for batteries and the green transition.
  • Manchin says the committee's goal is to create an 'integrated network for raw materials to move across the border.'
  • Ranking member Senator Barrasso (R-WY): 'Our nation's federal permitting process is the number one barrier to increased domestic production of minerals. It takes 10 years on average to permit a mine in the United States. It can take 2 years in Canada.'
  • Alberta Premier Jason Kenney says that 'US energy security depends on Alberta.' He says that 'Alberta can be a huge part of the solution to energy inflation' in the US.
  • Kenney: We were frankly so taken aback when President Biden vetoed the Keystone XL pipeline. He says it would have delivered 830k bpd of 'responsibly produced' Canadian crude to the US, easily covering the Russian shortfall.
  • Kenney says when infrastructure upgrades are completed, Alberta will be able to increase crude exports to the US by up to 1mbpd within a few years.


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The United States Senate Energy and Natural Resources Committee is holding a hearing entitled: 'To Examine The U.S.-Canada Energy And Minerals Partnership.'

  • The hearing can be followed here: https://www.energy.senate.gov/hearings/2022/5/full...
  • The panel includes Jason Kenney (Premier of Alberta), Nathalie Camden (Ministry of Energy & Natural Resources Québec), Mr. Francis Bradley (CEO of Electricity Canada), and Jonathan Wilkinson (Minister of Natural Resources, Canada).
  • Chairman Senator Joe Manchin (D-WV) says he believes that Beijing could follow Moscow's lead and leverage their control over critical minerals. He says that China controls 80% of the worlds critical minerals required for batteries and the green transition.
  • Manchin says the committee's goal is to create an 'integrated network for raw materials to move across the border.'
  • Ranking member Senator Barrasso (R-WY): 'Our nation's federal permitting process is the number one barrier to increased domestic production of minerals. It takes 10 years on average to permit a mine in the United States. It can take 2 years in Canada.'
  • Alberta Premier Jason Kenney says that 'US energy security depends on Alberta.' He says that 'Alberta can be a huge part of the solution to energy inflation' in the US.
  • Kenney: We were frankly so taken aback when President Biden vetoed the Keystone XL pipeline. He says it would have delivered 830k bpd of 'responsibly produced' Canadian crude to the US, easily covering the Russian shortfall.
  • Kenney says when infrastructure upgrades are completed, Alberta will be able to increase crude exports to the US by up to 1mbpd within a few years.