Canada's oil production and exports are set to rise, challenging the country's commitment to capping emissions and aligning with global climate goals.
to the UN General Assembly that he would cap emissions from the country's oil and gas industry this year.
As far as exports go, Canada has been quite limited in the oil department. Almost all of its export oil goes to its southern neighbor. Lately, however, this has started to change as demand for crude grows in other parts of the world while suppliers have not multiplied. The increase should be especially marked next month, Bloomberg reported last week, citing oil traders. According to them, as U.S. refineries enter the maintenance period, more Canadian crude will be available for other markets via Gulf Coast ports, which will push the total to 11 million barrels.