TMX Opens Asia Route As Canadian Crude Discounts Narrow
Previously, we reported that U.S. investors are increasingly pumping money into Canada’s fossil fuels sector, with U.S. funds now owing nearly 60% of Canada’s Oil & Gas sector thanks to low costs, favorable policy changes and the completion of the Trans Mountain Pipeline (TMX) expansion. That’s a major shift from a decade ago when global funds were busy divesting from Canadian oil sands driven by a combination of low global oil prices, high production costs, and increasing environmental concerns over pollution. Back then,…