China and Canada's Shocking Oil Pact– Leaving U S in the Dust as EVs and Energy Wars Heat Up! Canada's energy sector is at a crossroads as the $34 billion Trans Mountain Pipeline expansion (TMX), completed in Might 2024, opens a Pacific entrance to Asia, breaking decades of U.S. supremacy over its oil exports. Set off by Trump's proposed 10% tariff on Canadian oil and gas, China's Rongsheng Petrochemical has dived into Calgary, protecting an unrefined deal with Suncor Energy and considering more with giants like Cenovus and CNRL. With TMX pumping 890,000 barrels daily, LNG Canada set to export gas by 2025, and hydropower surging, Canada is diversifying its energy portfolio and wagering huge on international markets. This thorough expedition unpacks the geopolitical chess match, economic stakes, and environmental tensions driving Canada's pivot from North American reliance to a strong new role on the world phase.
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