The case for a common North American energy strategy

Colin Robertson | December 10, 2014    
A North American energy strategy to help kickstart continental competitiveness. It is a tall order for our energy ministers who meet in trilateral discussion next week in Washington. The Canadian, American and Mexican ministers – Greg Rickford, Ernest Moniz and Pedro Joaquin Coldwell, respectively – meet as followup to the leaders’ summit held last February in Toluca, Mexico. Their assignment: to promote common strategies on renewables, energy efficiency, infrastructure, innovation, and trade. They chart a course against a turbulent international backdrop. First, there is the economics of increased supply and diminishing demand. The price of a barrel of oil has dropped by a third to levels not seen since 2009. As energy expert Daniel Yergin observes, the demand for oil by China and emerging economies is “no longer the dominant factor”.