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Nov 18, 2025

We need pipelines to build a post-oil Canada

I'm not sure that oil is Canada's only economic hard power, but it has to be our largest: “To effectively use oil, Canada’s only economic hard power, Carney needs to get not just one, but two pipelines built,” said Adam Waterous, chief executive of Calgary’s Waterous Energy Fund, a major oil sands investor. It's hard to imagine a more strategically important investment for Canada. Right now, virtually all of Canada's oil exports go to the US. That gives us zero leverage. We are price takers!