The Globe and Mail reports in its Saturday edition that it is unlikely that any tariffs from incoming president Donald Trump would include oil and gas. Guest columnist John Rapley writes that were he to impose tariffs on Canadian oil and gas, his voters would feel it at the gas pumps, a prospect no American president relishes. So the odds are good that Canada might actually be able to look forward to a windfall from Trump 2.0. In the rest of the world, despite what Mr. Trump's proposed energy secretary says, the energy transition is picking up speed. Suddenly, switching to renewable energy is the cheapest option. The energy transition in China has proceeded much quicker than anyone expected thanks to a massive government program to stimulate investment in new industry. Not only has the technology advanced so quickly that renewable energy is now often the cheapest source available, but the rapid expansion in Chinese industrial capacity means the country is swamping world markets with cheap products. When it comes to cars, for instance, electric vehicles are now often the cheapest option available. BYD is producing a plug-in hybrid with a range of more than 2,000 kilometres, negating the need for charging infrastructure.
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