From Top Electric.

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 May 2024, opens a Pacific gateway to Asia, breaking decades of U.S. dominance over its oil exports. Triggered by Trump’s proposed 10% tariff on Canadian oil and gas, China’s Rongsheng Petrochemical has swooped into Calgary, securing a crude deal with Suncor Energy and eyeing 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 betting big on global markets. This in-depth exploration unpacks the geopolitical chess match, economic stakes, and environmental tensions driving Canada’s pivot from North American reliance to a bold new role on the world stage.

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