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While the United States takes an aggressive stand against fossil fuels, its neighbours to the south and north are working together to boost oil and gas production.
A high-level delegation from Mexico was in Calgary Monday to invite Canadian companies to take advantage of its sweeping energy reforms.
Endowed with massive oil and gas resources, the two countries have made their development central to their economies, while taking the view that growth and environmental protection can move hand-in-hand, not at each other’s expense.
“Mexico is fully committed to the transformation of the energy sector,” Leonardo Beltran Rodrigues, undersecretary of planning and energy transition at Mexico’s secretariat for energy and natural resources, told Canadian oil patch representatives. “We can do it with many people, but we would rather do it with friends.”
Mexico has long talked about changing its constitution to allow private sector investment in energy. President Enrique Pena Nieto made that happen last December, when Mexico’s congress passed a bill that ended the monopolies of PEMEX and of the Comision Federal de Electricidad over the hydrocarbon and electricity sectors.
Under the changes, Canadian companies can participate in the upstream end of the industry through service, profit-sharing, production-sharing contracts and licences. The midstream and downstream ends of the oil and gas industry, and the power sectors, are fully accessible by investors
In addition to inviting investment, the Mexicans are also looking for guidance from Canada on regulations, best practices and skills development.
For Canadian companies, the reforms are both a blessing and a curse. Canadian oil sands developers have benefitted greatly from Mexico’s production declines and taken over their share of the U.S. market
Mexico offers portfolio diversification for Canadian producers that are running into cost increases and pipeline challenges in Canada and the United States, Mr. Beltran Rodrigues said.
Besides, by investing in Mexico’s energy sector, Canadian companies are improving the country’s competitiveness, which helps other Canadian companies doing business there, from Bombardier Inc. to Palliser Furniture Upholstery Ltd., said Mr. Dade. “This is one case where investing abroad actually benefits us in Canada,” he said.
Wow one thing that stands out is Canada and Mexico are open to working together to expand our energy sectors and we both benefit from it since we both can avoid dealing with the EPA ever increasing demands and policies that are not attainable but actually hurt the energy and sector in all 3 countries.
Wow one thing that stands out is Canada and Mexico are open to working together to expand our energy sectors and we both benefit from it since we both can avoid dealing with the EPA ever increasing demands and policies that are not attainable but actually hurt the energy and sector in all 3 countries.
Canada has oil to pump sell, and doesn't really care what the negative impacts of the transportation of that resource are. Mexico, well ... it's oil reserves are dwindling and it can't refine what it pumps from undersea. It's a bit too costly to buy petroleum from Canada unless, of course, the Keystone pipeline is built. The USA, meanwhile, is greatly expanding fossil fuel exploitation ... so any suggestion to the contrary is spoken from a lack of knowledge of the USA. Incresed use of renewable energy resources is the smart way to go, to blend with what's produced by burning fossil fuels ... but Canadians probably will never understand that.
Wow one thing that stands out is Canada and Mexico are open to working together to expand our energy sectors and we both benefit from it since we both can avoid dealing with the EPA ever increasing demands and policies that are not attainable but actually hurt the energy and sector in all 3 countries.
What are you talking about? North America/Mexico is poised to be a major energy producer.... Care to specifically back up your opinion?
I seriously hope Keystone never happens as I stand to gain financially from driving trains full of Canadian sand oil. Selling my current plane for a turbine powered one is a goal thats achievable.
Wow one thing that stands out is Canada and Mexico are open to working together to expand our energy sectors and we both benefit from it since we both can avoid dealing with the EPA ever increasing demands and policies that are not attainable but actually hurt the energy and sector in all 3 countries.
That's the fact, Jack. Imagine if the US were only bright enough to develop the resources that are on public lands. We could actually get things like, oh, royalties from the producers. Create new jobs. Avoid sponsoring terrorism by not sending as much money to countries that harbor terrorists. Boost our economy and our immediate neighbors.
But no, we aren't that bright. Instead we'd rather drive that to other countries and further our dependency, both on other countries for fuel, as well as among the unemployed. But hey, it keeps a few of the most ignorant of the "environmental" community happy. Never mind that we drive production to countries with far lower environmental standards, NIMBY is addressed.
We are fortunate that producers on private lands are able to reduce the impact of the foolishness of our largest property owner. Reason 186,283 why federal lands should be turned over to the states to manage. They are much more responsible.
Canada has oil to pump sell, and doesn't really care what the negative impacts of the transportation of that resource are. Mexico, well ... it's oil reserves are dwindling and it can't refine what it pumps from undersea. It's a bit too costly to buy petroleum from Canada unless, of course, the Keystone pipeline is built. The USA, meanwhile, is greatly expanding fossil fuel exploitation ... so any suggestion to the contrary is spoken from a lack of knowledge of the USA. Incresed use of renewable energy resources is the smart way to go, to blend with what's produced by burning fossil fuels ... but Canadians probably will never understand that.
I think we understand it at least as well as you do.
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