Why should Canada give up its natural resources including the worlds largest freshwater supply?
According to the US Department of Energy, the US imported over 912 million barrels of oil from Western Canada in 2008. Currently, the provinces that hold the oil, receive royalties on all oil extracted and sold on the market. As US states, this situation would not change. Unlike oil, water is a renewable resource, but due to growing demand it is becoming a more valuable resource. While certain regions of the United States, particularly the southwest, are suffering from water shortages, other regions in the US have an abundance. According to the Program on Water Governance, overall Canada and the United States have roughly the same water availability: Canada 6.5%, US 6.4%. In fact, if the US was desperate to extract bulk amounts of freshwater, the largest single source of freshwater in North America are the Great Lakes, which contain nearly six quadrillion gallons of water. The majority of this water lies within US territory, but no water diversions to the southwest are occurring nor pl