Alberta’s energy sector has largely escaped the tariff hit from U.S. President Donald Trump, but the province isn’t immune to broader trade chaos and volatility pounding the global economy — and it’s now arrived on the doorstep of Alberta’s biggest investment project.

Michigan-based giant Dow Inc. announced Thursday it is delaying construction of the company’s $9-billion net-zero petrochemical project, which is being built in Fort Saskatchewan.

The move will see Dow scale back capital spending by US$1 billion to $2.5 billion this year, although the company stressed it remains committed to its “Path2Zero project” northeast of Edmonton.

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During a call with analysts on Thursday, Dow CEO Jim Fitterling pointed to “volatile macroeconomic conditions” affecting global demand for petrochemical products. The company is cutting costs and moving to match production capacity to slower economic growth hitting the industry.

That includes dialing back capital spending in Alberta, and it’s........

© Calgary Herald