Story thread · 2 reports / 2 sources

Trump humiliated as Big Oil picks Canada in brewing trade war

alternet.org · 14dShare

President Donald Trump's ongoing trade war with Canada just took a major turn — and it was not in the president's interests. "In Texas and New York, big oil and big money are placing their bets on the future of the energy industry," reported The Globe and Mail's Andrew Willis on Monday . "Major American oil companies and asset managers are lining up to invest in Canadian infrastructure. They seem to have missed U.S. President Donald Trump’s weekend Truth Social post declaring 'I don’t want Canadian anything.'" Describing the companies in question as ExxonMobil Holdings Corp., ConocoPhillips, KKR & Co. Inc. and Apollo Global Management Inc., The Globe and Mail added that they are also steering clear of Venezuela, which Trump set his sights on earlier this year. "The American economy runs on Canadian energy," Willis pointed out. "Last year, the U.S. imported $160-billion of oil, gas and electricity from its northern neighbour. Mr. Trump’s attempt to position Venezuela as a counter to Can

First report: As Trump pivots to Venezuela for energy, U.S big oil and big money invest in Canada — theglobeandmail.com, 14d