With the US Democratic primary narrowed to two main contenders – Bernie Sanders and Joe Biden – it is important to consider the economic implications that a Sanders administration could have on its northern neighbor.
A large segment of Canada’s economy is dependent on its oil exports to the US. Sanders has promised to take sweeping climate action, putting a Green New Deal at the heart of his agenda. This would potentially devastate the oil and gas sector in Canada.
Canada is the world’s fourth largest producer of oil. The provinces of Alberta and Saskatchewan in particular have reaped the financial rewards of this extractive and once booming industry. However, with the immediate need to lower carbon emissions, the oil and gas sector in Canada faces inevitable eviction.
