Reported about 16 hours ago
The completion of the Trans Mountain Expansion project in 2024 marked a pivotal change for Canada’s oil and gas sector, which had faced pipeline shortages for years. This new pipeline has enabled Canadian producers, especially from Alberta, to drastically increase crude oil exports to Asian markets. As a result, Canada is now positioned as a competitive player in the global energy market, meeting rising demand from China and impacting geopolitical trade dynamics amid ongoing tensions between the U.S. and China. However, this increased trade has sparked domestic debate in Canada regarding climate goals, as new Prime Minister Mark Carney balances economic needs with environmental commitments.
Source: YAHOO