The North American energy industry has undergone dramatic changes since NAFTA entered into force 23 years ago.
Published: August 02, 2017
The U.S. has experienced a surge in resource production, making it the world’s leading producer of oil and natural gas. Mexico has opened its energy sector to foreign and domestic private investment for the first time in over seventy-five years. In Canada, investment and innovation in oil sands, liquefied natural gas (LNG) and energy infrastructure projects has led that country to become a top five producer of energy. To preserve these achievements and further advance the competitiveness of the North American energy industry, the Canadian Association of Petroleum Producers (CAPP), American Petroleum Institute (API) and the Mexican Association of Hydrocarbon Companies (AMEXHI) developed a joint paper on the NAFTA renegotiations.