Canada Pushes Deeper Into Asian Energy Markets

For decades, fossil fuel exports have been a major driver of Canada's economy, generating hundreds of billions in revenue and supporting hundreds of thousands of jobs, with oil and gas making up about 25% of total Canadian exports.

However, Canada’s energy markets are characterized by a key flaw: Canada exports nearly all its fossil fuels to the U.S. thanks to geographic proximity as well as a highly integrated pipeline network built to serve U.S. markets since Canada's much smaller population cannot consume its vast output.

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