Says Cenovus CEO says that despite the US comments, it depends on Canadian oil.

US President Donald Trump’s company Cenovus Energy company Cenovus Energy has been reliant on Canadian oil imports at the global energy conference on Tuesday.

Trump has threatened again, reorganized tariffs in Canada’s oil, about 4 million barrels per day. Canada is the world’s fourth largest oil producer and fifth largest natural gas producer.

Trump said that the United States did not need to imports of goods, including oil and gas from Canada from Canada.

In April, Prime Minister Mark Carney, who is in a minority wave with a minority government, is the old connection with the country for the old economic integration of the country.

Jon McKenzie, a company of oil Sands, Cenovus and Kenova, stressed that the oil producers industry should diversify the exports of trade tensions between the two nations.

But he said that the need for energy systems in the need is indifferently.

“What is not changed is an energy economy and energy physics,” McKenzie said. “We are killed in the US system.”

Canada depends on receiving the vast majority of US intrinators to obtain the vast majority of exported oil and the majority of the mid-government.

McKenzie said that Canada has the opportunity to increase oil output in the coming decades, and the new government of the country should recognize the dependence of the United States and will try to develop this relationship.

“When we threaten, we must be sure that we are remembering and in our long-term interests,” he said.

As part of the US Tariff’s threat, CARNEY promised to determine the national interest in Canada and a national interest in which the super power of clean energy.

McKenzie said that the oil and gas sector did not want the federal government to choose the rapid tracking of the projects and choose the losers.

According to him, the industry wants to see a wide regulatory reform that will overcome obstacles to invest in oil and gas projects instead.