Canada pushes Trans Mountain pipeline to sell oil to China far beyond US shores
The Canadian government has opted to buy a pipeline project that will more than double the oil its energy industry can send to the West Coast — and then on to new markets in Asia. The purchase comes, coincidentally, during the thick of a bitter trade dispute with the U.S., the only customer for its crude oil. By building the Trans Mountain expansion, Canada will be able to sell oil outside North America, bringing in higher prices for its oil.