Inform

Trudeau paves way for Canadian oil exports to Asia

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Report summary

On Nov 29th 2016 Canadian Prime Minister Justin Trudeau announced that the government was approving the Trans Mountain Expansion (TMX) and Line 3 Replacement pipelines. The government did not extend a lifeline to the Northern Gateway project but instead moved to formalize the moratorium on crude oil tankers off the northern coast of British Columbia. This Inform outlines the implications of this decision.

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    Trudeau paves way for Canadian oil exports to Asia

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This report includes 2 images and tables including:

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  • WTI-WCS differential to narrow with more pipelines
  • Implied cumulative growth in heavy oil demand from 2015

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