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New Nafta Drops A Relic Of Energy Crises Past - Houston Chronicle

by chron.com posted 2weeks ago 13 views
With the U.S. gushing oil at record levels, America apparently no longer needs to preserve Canada as its emergency crude supplier. Missing in the North American trade pact unveiled Monday is a controversial provision from the old Nafta requiring Canada to provide a percentage of its energy exports to its southern neighbor, according to industry experts who’ve reviewed the new pact. The so-called proportionality clause, part of Nafta’s Article 605, forbid any restriction that would cut Canadian shipments below their three-year average.

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