Trump’s Protectionist Inaugural Address Sparks Concerns in Canada’s Oil and Gas Industry

Donald Trump’s furiously protectionist inaugural address is a clarion call for Canada to support its relationship with different nations and do everything conceivable to get to business markets abroad, the leader of the Canadian Association of Petroleum Producers said Friday.

Tim McMillan said he made it a point to attend Trump’s inauguration as president in Washington to some extent because of worries that U.S. policy changes could undermine Canada’s energy industry. He said he likewise met later with U.S. industry and Canadian government authorities.

Trump gave little clarity in his 17-minute speech on energy or other financial issues, beside resolving to secure American occupations and industries.

There are desired arrangements to build Keystone XL could quickly be revived under a Trump administration, which would be an aid for Canada’s oilpatch. The pipeline proposed by TransCanada would transport Alberta oilsands crude to refineries on the U.S. Gulf Coast.

It was dismissed by previous U.S. president Barack Obama in late 2015, however, Trump has said he would fix that choice, given the terms are great to the U.S.