Three Amigos Unveil Climate and Energy Plan, Nafta Changes

By Angela Greiling Kane and Josh Wingrove, Bloomberg. 

The U.S., Canada and Mexico put climate change at the center of efforts to deepen the North American alliance, pledging to cut greenhouse gas emissions from the oil and gas sector, boost the development of clean power and build new cross-border transmission lines.

President Barack Obama, Canadian Prime Minister Justin Trudeau and Mexico President Enrique Pena Nieto completed a one-day summit in Ottawa Wednesday, where they unveiled a commitment to see half of the continent’s electricity generated by clean sources by 2025.

“For too long, we’ve heard that confronting climate change means destroying our economies,” Obama said in a speech to Parliament Wednesday after the summit concluded, praising efforts in Canada and the U.S. to cut emissions and drive growth. “This is the only planet we’ve got and this may be the last shot we’ve got to save it. And America and Canada are going to have to lead the way.”