Free Trial
AUDUSD TECHS

Key Support Still Exposed

US TSY FUTURES

BLOCK, Late 5Y Cross

US STOCKS

Late Equity Roundup: Late Rebound

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

US To Strengthen Energy And Mineral Partnership With Canada

US

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.


249 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

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.