In a few days, an oil tanker will sail into a Chinese port and, once again, opponents of the Trans Mountain Pipeline will be left scratching their heads. The 250-metre Ambelos left the Port of Vanc…
In a few days, an oil tanker will sail into a Chinese port and, once again, opponents of the Trans Mountain Pipeline will be left scratching their heads.
New information — and the voyage of the Ambelos — helps to explain why overseas demand for Canadian bitumen is real, it’s large, and it’s already here. Venezuela under strongman Nicolás Maduro shipped more of its heavy oilsands crude to China last month than Canada did all of last year. Eight tankers are at sea right now carrying Venezuelan oil to China.
Too many people fail to appreciate that Canada represents the good guys in the international oil and gas business. Our product is ethical, our workers are well-treated, legal and environmental rules are followed, and Canadian families benefit directly from oil sales. But because we lack pipeline capacity, we are still forced to sell our oil at a steep discount to the United States, a nation that rejects carbon pricing and is now eagerly exporting its own oil to growing global markets.
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