Pipe for the Trans Mountain pipeline being unloaded in Edson, Alta., 2019. Photo by Jason Franson/The Canadian Press files
The benefits Canada reaps from its status as the world’s fourth-largest oil producer and exporter have been threatened by tariffs , leading many to call for diversification away from the U.S. market. The Prime Minister has talked about the need for another oil pipeline to the Pacific. But the facts about our existing production , infrastructure and market dependencies will influence what we can realistically do, and when.
Canada produces five million barrels per day (MB/d), of which 4.2 MB/d is exported. This generates hundreds of thousands of jobs and billions in provincial and federal government revenues. Canada clearly has the potential to significantly gr