oil exports

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Biden’s presidency poses new risks for Canada’s energy sector

Biden’s climate plan aims to wean the U.S. off of fossil fuels.

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The increase on bitumen production was 22.8 per cent compared to 2017.

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Oil opponents target tankers despite sparkling safety record

Bill C-48 includes a moratorium on most large oil tankers loading or unloading on Canada’s West Coast.

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The unpredictable and shaky trade relationship between Canada and the U.S. further exacerbates the need for new pipelines to tidewater.

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Prime Minister Trudeau’s remarks at the World Economic Forum in Davo unfortunately reflect an attitude of discomfort with Canada’s resource economy.  

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As almost everyone knows by now, Canada has some interesting challenges looming when it comes to transporting increasing oil production to markets both inside and outside of Canada. What many Canadians might not realize is how important oil exports are to Canada’s economy. Canada has the world’s third largest proven oil reserves, is the fifth largest exporter of crude oil, and is the fifth largest producer of crude oil in the world.