Spectra Energy tracks and analyzes proposed legislation so that we may advocate the company’s position when necessary. In doing so, we engage with governments at the state, provincial and federal levels in the United States and Canada.
Our key public policy issues include:
The Role of Energy and the Value of Infrastructure
The United States is the world’s fastest growing oil and gas producing nation. These abundant sources of energy help fuel the North American economy, and we view clean-burning natural gas as the foundation fuel for the future to achieve environmental and energy security goals. Continued capital investments in North American energy infrastructure are increasingly critical.
A stable regulatory environment is critical to Spectra Energy’s ability to attract capital, maintain reliable operations and pursue targeted expansion opportunities. Our goal is to enhance our ability to build and maintain energy infrastructure in a manner that ensures safe and reliable service for our customers and a superior return for our investors. Part of that focus is raising the profile and contribution of North American natural gas, natural gas liquids and oil, and the infrastructure investment required. Aligning the need to develop critical energy infrastructure with regional, national, and North American interests can create opportunities to enhance the current regulatory model. We also are focused on ensuring that policy decisions (legislative and regulatory) help build greater public confidence in pipeline safety and build on the work of the industry and regulators over the past decade, keeping focus on those activities which demonstrably improve safety.
Spectra Energy is focused on advancing stable tax policies for U.S. multinationals that promote investment in the development of North American energy infrastructure and economic growth. We must have a tax code that allows us to continue to grow our business, create jobs and strengthen our energy security.
Global Climate Change
In the United States and Canada, climate change action is evolving at state, regional, provincial and federal levels. Increasing use of natural gas has played a critical role in lowering overall GHG emissions in North America in recent years and we believe it should be recognized by policymakers as part of the solution to a lower carbon economy and to achieving environmental policy priorities. The design of any climate change program or policy will have significant relevance to Spectra Energy. If we are to realize the long and lasting benefits of abundant North American energy supplies, we need sound policy and a predictable regulatory structure. Our energy, environmental and tax policies need to support ongoing use and safe, reliable and efficient delivery of natural gas, natural gas liquids and crude oil. We are committed to our stakeholders to work towards cost-effective solutions to address climate change and energy supply security. It is important for us to have a voice in the discussions to help mitigate potential risks and costs associated with compliance.