Eastern promises: Canada should look to Asia to shift away from a sole export market, say experts
By Neil MossDec. 3, 2018
By 2030, China will surpass the United States as the largest global consumer of oil. At the same time, its government is trying to diversify its oil dependency on the Middle East.
Alberta Premier Rachel Notley speaks to reporters after giving a speech to a crowd of businesspeople in Ottawa last week. She announced on Nov. 28 that Alberta will be purchasing additional rail cars so it can transport 120,000 more barrels of oil per day. The Hill Times photograph by Andrew Meade
With a rapidly dropping oil price, experts suggest looking across the Pacific Ocean to divest its traditional, north-south oil trading route, but the delay in pipeline construction inhibits Canada’s oil and natural gas reaching B.C.’s coast.
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To encourage more investment in green technology, the plan also pitches a $340-million 'green patent credit' aimed at prodding companies to spend more on research and develop their products for market.
The prime minister said construction on the pipeline is scheduled to begin this summer. He was less clear about whether more pipelines will be needed, or how the government will recover the cost of the Trans Mountain.
The House of Commons International Trade Committee will have a pre-study on June 18 to hear from between 12 and 15 witnesses in preparation for the possibility that the committee will review Bill C-100 in the summer.
The risk for Andrew Scheer is that the Liberals will try to connect Doug Ford to Andrew Scheer and then try to connect that to hidden agenda, that’s not flattering to Andrew Scheer and the Conservatives,’ says Nik Nanos.