New Study: Cross-Border Energy Infrastructure Critical to U.S.-Canada Energy Trade, Benefits Consumers on Both Sides of the Border

06 Apr New Study: Cross-Border Energy Infrastructure Critical to U.S.-Canada Energy Trade, Benefits Consumers on Both Sides of the Border

WASHINGTON, April 6, 2021 – The American Petroleum Institute (API) today released a new report examining how growth in cross-border petroleum trade between the United States and Canada has led to the further integration of North American energy markets, delivering economic benefits, lowering consumer energy costs and strengthening energy security on both sides of the border. The analysis, which API Senior Vice President of Policy, Economics and Regulatory Affairs Frank Macchiarola highlighted in remarks before the 2021 Scotiabank CAPP Energy Symposium earlier today, underscores how continued development and maintenance of cross-border energy infrastructure will be critical to sustaining this trade relationship and further integrating North American energy markets.

Source: American Petroleum Institute