America’s “political climate” making Canada a more attractive option for energy development
Energy companies are already focused on the shale boom in the U.S., but now they are increasingly turning to America’s neighbor to the north. Both the U.S. and Canada are sitting atop massive quantities of oil and gas that could fetch high prices on the world market. Both countries face unique sets of challenges in getting that energy to market. One columnist at the FT, Ed Crooks, is arguing that, despite America’s many advantages, Canada may be a better bet for companies looking to export LNG (liquefied natural gas) overseas. His chief concern is the U.S. political climate, which has yet to adjust to America’s new energy wealth, and its skepticism when it comes to exporting domestic energy.