Despite escalating trade tensions between Canada and the United States, oil and energy will continue to flow across the border, said Enbridge CEO Greg Ebel. As the chief of a Calgary-based operator of oil and gas pipelines that cross the U.S.’s northern border, Ebel has been watching the evolving trade policy closely, and is hopeful the two sides will reach a resolution. “Let’s all get in a room and start negotiating that,” Ebel told CNBC’s Brian Sullivan in an interview at CERAWeek by S & P Global in Houston. Ebel added that he believes the series of proposals from President Donald Trump is a negotiating tactic. “It’s an uncomfortable one, and it could be an expensive one,” he said. On Tuesday, Trump proposed slapping additional tariffs on Canadian steel and aluminium imports, which would have brought the levies to 50%. But the plan, which followed a tax on electricity shipped to the U.S. from Ontario, was stepped back several hours later, after the power tax was suspended . The uncertainty created by the evolving trade war has roiled the U.S. stock market in recent days. Watch the full video to hear more about Ebel’s outlook.
