Trump's KXL Executive Order Mutually Beneficial for Canada and United States

Today's executive order advancing the Keystone XL (KXL) Pipeline Project is a major economic step forward for Canada, the United States and for North American energy security.

Now more than ever, Canada needs access to new customers to the east, south and west. The Canadian oil and natural gas industry has been facing challenges to maintain competiveness at home and abroad and pipeline approvals advance opportunities to make Canada an attractive place for investment.

All but one per cent of Canada's oil goes to the United States. It is important that we continue to serve our number one customer while we continue to look to add more global customers. CAPP and its members are committed to continue their work with the U.S. government to ensure we achieve mutual energy, economic and environmental success.

By accessing new customers in new markets Canadian oil producers can get a better world-price for their products.

Global demand for energy is expected to increase by 30 per cent through 2040, almost a quarter of that total energy demand is expected to come from oil.

Canadian Association of Petroleum Producers quotes: Tim McMillan - president and CEO, CAPP

    "This executive order for Keystone XL represents another major milestone for Canada as we look for market opportunities for our resources."

•     "Canadian resources have faced the disadvantage of being landlocked for too long, but that is starting to change."
•     "We need to be able to access markets in all direction, east, south and west, for Canada to be the responsible global-supplier of choice."
•     "Today's announcement means responsibly-produced Canadian oil will have access to more markets, which means Canadians will be getting better value for their resources."
•     "As our largest trading partner, the relationship that Canadian producers share with the U.S. is a critical one."
•     "When given the option between granting access for Canadian oil to international markets and continuing to meet demand with Saudi Arabian, Venezuelan, Iraqi, and Nigerian oil, the choice is obvious."