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WisBusiness.com: Canadians Wary of Energy Rhetoric

--Next WisBusiness.com Luncheon Set for Oct. 6--

The Canadian consul general in Chicago says Canadians are anxious about proclamations of energy independence and about how post-9-11 security measures affect border trade.

Georges Rioux, a veteran diplomat in his post since 2006, told a WisBusiness-Madison Magazine-Madison Club luncheon Sept. 8 that all the political talk about independence from foreign energy often causes Canadians to ask: "Do they want to stop importing oil from Canada?"

He noted that not only is Canada Wisconsin's No. 1 trading partner but also that a lot of oil and natural gas pipelines run from Canada through Wisconsin and that state manufacturers of big machinery -- such as Bucyrus International and P&H -- are making money off of Canada's oil industry. Wisconsin, he said, gets more that 50 percent of its oil imports from Canada, while the United States gets about 17 percent of its oil imports from north of the border.

He also said Canada has invested a lot of money in security since 9-11, but that sometimes unintended hurdles to cross-border trade result.

"Security should not trump prosperity," he said.

The next WisBusiness.com Luncheon at the Madison Club, organized by the Madison Club, Madison Magazine, and WisBusiness.com, is slated for Monday Oct. 6 at 11:45 a.m.. The guest is Dave Stark of Stark Company Realtors in Madison. http://www.starkhomes.com/aboutstark.html

He'll talk about the state of the housing industry.

The event is open to the public, and the price for lunch is $19. Call the Madison Club to register at (608) 255-4861. The luncheon starts at 11:45 a.m. and ends at 1 p.m.


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