Energy a key focus as Carney appointed Canada Prime Minister

  • Gas
  • March 10, 2025

Former Bank of Canada governor Mark Carney has been appointed Canada’s Prime Minister (PM), taking over immediately from outgoing PM Justin Trudeau.

Carney, appointed leader of the country’s Liberal Party ahead of a general election, will need to use all his commercial and political acumen to boost the Canadian economy in the face of US tariffs and stave off the worst impacts of an escalating trade war.

Goods which meet US–Mexico–Canada (USMCA) criteria are being spared tariffs until 2 April but there are now 25% tariffs on goods that do not satisfy USMCA rules of origin, as well as a lower 10% tariff on those energy products imported from Canada that fall outside the USMCA preference, and a 10% tariff on potash. This is a key ingredient for fertiliser needed by US farmers.

… to continue reading this article and more, please login, register for free, or consider subscribing to gasworld

   

  • Related Posts

    • Gas
    • August 14, 2026
    Holcim UAE starts cement carbon capture pilot project

    By 52 min ago 2 min read The UAE division of Swiss manufacturing firm Holcim and climate tech startup 44.01 have started the UAE’s first carbon capture and underground mineralisation…

    • Gas
    • August 14, 2026
    Qatar Ras Laffan train five ‘goes offline’

    By 8 min ago 3 min read Train 5 at Qatar’s Ras Laffan plant has gone offline, according to Energy Aspects and Kayrros LNG intelligence monitoring. Drawing on satellite thermal…

    Have You Seen?

    Kazakhstan Accuses Big Oil of $10.7 Billion Corruption in Kashagan Oil Project

    • August 15, 2026
    Kazakhstan Accuses Big Oil of $10.7 Billion Corruption in Kashagan Oil Project

    Hormuz Tanker Traffic Slumps as U.S.-Iran Standoff Drags On

    • August 14, 2026
    Hormuz Tanker Traffic Slumps as U.S.-Iran Standoff Drags On

    Vance Says Cheap Oil and Gas Is Top U.S. Priority in Iran War

    • August 14, 2026
    Vance Says Cheap Oil and Gas Is Top U.S. Priority in Iran War

    Middle East Oil Tankers Are Going Dark for Longer

    • August 14, 2026
    Middle East Oil Tankers Are Going Dark for Longer

    Drone Strike Sparks Blaze at Key Russian Oil and Fuel Terminal

    • August 14, 2026
    Drone Strike Sparks Blaze at Key Russian Oil and Fuel Terminal

    Hormuz Crisis Pushes Asian Refiners Toward U.S. Oil

    • August 14, 2026
    Hormuz Crisis Pushes Asian Refiners Toward U.S. Oil

    India’s Coal Demand Set to Hit 1.6 Billion Tons by 2030

    • August 14, 2026
    India’s Coal Demand Set to Hit 1.6 Billion Tons by 2030

    Holcim UAE starts cement carbon capture pilot project

    • August 14, 2026
    Holcim UAE starts cement carbon capture pilot project

    Qatar Ras Laffan train five ‘goes offline’

    • August 14, 2026
    Qatar Ras Laffan train five ‘goes offline’

    Vietnam’s Bac Ninh semiconductor investment hits $2.7bn

    • August 14, 2026
    Vietnam’s Bac Ninh semiconductor investment hits $2.7bn