January 23, 2015
1/22/2015 The Wagner Review
By Maria Landa, Former Mexico Institute Intern
By 2030, global energy demand will increase by 41 percent due to rapid population and economic growth. Between 2012 and 2035, global population is projected to grow by 1.7 billion and real (or inflation-adjusted) income will more than double. In order to promote more energy efficient activities that curb greenhouse gas emissions and slow growth related to demand, both developed and emerging economies have placed environment and climate policies high on their political agendas. Yet, the latest scenario by the International Energy Agency World Energy Outlook estimates that in 2040, oil and gas will remain the backbone of energy supply, making up nearly half of the total energy supply – with the remainder coming from coal and low-carbon fuels.
Canada, Mexico, and the U.S. will play critical roles in meeting the demand, tackling pressure on the global energy system, and contributing to energy security. With the abundance of U.S. natural gas and oil reserves, Canada’s oil sands and Mexico’s landmark constitutional energy reform (which opened its energy sector to private investment for the first time), North America is now considered an energy superpower. Leading think tanks and political leaders are urging the U.S. not only to strengthen ties with its North American neighbors, but also to make the trilateral relationship a priority in U.S. policy. The Council on Foreign Relations recently released a report led by former CIA Director David Petraeus and former World Bank president, Robert Zoellick, indicating that increased production and innovation in the energy sector coupled with China’s labor and shipping costs, boost North America’s global competitive advantage.
January 16, 2015
1/15/2015 The Globe and Mail
Prime Minister Stephen Harper has postponed the North American leaders’ summit with U.S. President Barack Obama and Mexican President Enrique Pena Nieto at a time when relations with both leaders are chilly.
The unexpected move allows Mr. Harper to avoid an awkward side-by-side news conference with Mr. Obama at a February summit that all three governments were expecting would be dominated by the proposed Keystone XL oil pipeline – now at the top of the political agenda in Washington.
December 17, 2014
By Duncan Wood, Director, Mexico Institute
In February 2014, the leaders of the three North American nations met in Toluca, Mexico, and determined a range of measures to enhance regional competitiveness, including new initiatives on transportation infrastructure, borders and research cooperation. Furthermore, the leaders agreed that, before the end of 2014, a North American Energy Ministers Meeting should take place to “define areas for strong trialteral cooperation on energy.” What these areas might be is still unannounced, but with the successful passage of energy reform legislation through Mexico’s Congress in December 2013, and secondary legislation in August 2014, many of the previously existing barriers to cooperation on oil and gas markets have now disappeared.
The prospects for an energy abundant North America are compelling. Combined, the three countries’ oil production compares favorably with those of the Middle East. As the United States surpassed Saudi Arabia as the world’s largest producer, and with both Mexico and Canada on the verge of significant increases in production, North America’s long-standing position as a hydrocarbons importer will then be reversed. The outlook for North American energy is therefore bright, and the transformation in the regional energy paradigm has been dramatic. However, to achieve the full potential of this newly discovered regional energy wealth, it will be necessary to more fully integrate the three countries’ energy markets. This paper argues that, in order to make North American energy independence a reality, there are several main areas that require attention from the three governments, working together, to make the transition to an integrated North American energy system.
Read the report here.
December 12, 2014
12/12/2014 Duncan Wood and Rachel Bronson via Forbes.com
North America is fast becoming the epicenter of a transformation in global energy. Canada, Mexico and the United States are bringing to market huge new energy resources that were too expensive or politically risky to exploit until recently. According to the Energy Information Administration, North American oil and gas growth is expected to exceed all of OPEC’s over the next decade.
But despite North America’s huge energy potential, the United States, Mexico, and Canada all face serious obstacles in getting their energy resources to market. Skills gaps and low public support for energy infrastructure stand in the way of a potentially rich North American energy future. As the three North American energy ministers prepare to meet in Washington on December 15th, they must develop innovative policy solutions to overcome these barriers and create the necessary support structure to fully realize North America’s emerging energy boom.
December 8, 2014
11/26/14 Wilson Center REWIND
Increases in energy production in Canada and the U.S., combined with promising reforms in Mexico, are creating what some describe as a “North American energy renaissance.” The world’s energy equation is changing, with more developments on the way. What are the implications of traditional energy producers becoming consumers and consumers becoming producers? That’s the focus of this edition of REWIND.
Click here to watch the video.
To see video from the Wilson Center’s First Annual North American Energy Forum, click here.
David Biette, Director, Canada Institute, moderator
Charles K. Ebinger, Senior Fellow and Director, Energy Security Initiative, The Brookings Institution
David L. Goldwyn, President, Goldwyn Global Strategies LLC, former State Department Coordinator for International Energy Affairs, and Co-Editor, Energy & Security: Strategies for a World in Transition
Robert (“RJ”) Johnston, CEO and Director, Global Energy & Natural Resources, The Eurasia Group
Jan H. Kalicki, Wilson Center Public Policy Scholar and lead, Regional and Global Energy Issues; Co-editor, Energy & Security: Strategies for a World in Transition
Shirley Neff, Senior Adviser, US Energy Information Administration, former Senior Adviser, US Commission on the BP Oil Spill
Andrew Selee, Wilson Center Executive Vice President and Senior Advisor to the Mexico Institute
May 7, 2014
Houston Business Journal, 5/7/14
As Mexico prepares to open itself to international energy investment, politicians and energy executives said the move could lead to a strong North American energy collaborative. Mexican energy reform proved a hot topic over the first two days of the 2014 Offshore Technology Conference at NRG Park in Houston with politicians and executives from Mexico, Canada, the U.S. and more touting the possibilities.
Congressman Bill Flores, R-Waco, said the developments should lead to a “regional powerhouse that I think can be stronger than OPEC.” “It’s the dawn of a new day for Mexico,” Flores said May 6.BP America Chairman and CEO John Minge said May 5 at OTC 2014 that he is “excited” about the possibilities in Mexico, particularly in the deepwater offshore as BP (NYSE: BP) rebounds in the Gulf of Mexico.
January 17, 2014
CBC News, 01/17/2014
U.S. Secretary of State John Kerry says he still doesn’t have an answer on the proposed Keystone XL pipeline extension, and suggests it won’t be coming any time soon.
Kerry, as well as Canadian Foreign Affairs Minister John Baird and Mexican Foreign Secretary Jose Antonio Meade, took questions from reporters Friday morning in Washington, with Kerry’s opening remarks stressing the “unity” among the three countries.