“Canada’s Energy Wealth is Bleeding South”

by Webmaster
Published: Updated:

In this compelling opinion piece, Marco Navarro-Génie sheds light on a pressing issue: Canada’s energy wealth is steadily flowing southward, enriching the U.S. economy while Canada misses out on substantial revenues.

Despite the operational Trans Mountain Expansion project, Canada’s oil export infrastructure remains insufficient, leaving the nation heavily reliant on a single customer—the United States. This dependency results in Canada selling its oil at discounted prices, leading to significant financial losses.

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Navarro-Génie argues that Canada’s lack of diversified export routes and limited pipeline capacity hinder its ability to access global markets. The absence of energy corridors and the persistence of interprovincial trade barriers exacerbate the problem, preventing efficient energy distribution within the country and beyond. While the federal government has pledged to remove these trade barriers by July 1, the effectiveness of this promise remains uncertain.

The article calls for immediate action to develop robust infrastructure and establish energy corridors that would enable Canada to tap into international markets. By doing so, Canada could command better prices for its oil, boost its economy, and reduce its overreliance on the U.S. market.

For a deeper understanding of the challenges and proposed solutions regarding Canada’s energy export limitations, read the full article here:

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