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Energy, Materials, and Utilities

After Climate Change Talks, Canada Must Diversify

After this announcement from President Obama, it is essential that Canada diversify its energy customers.

President Obama recently gave a talk on climate change, in which he restated climate policy for the U.S. While not much of the policy was new, it underscored the idea that with 99% of its crude export and 100% of its natural gas export going to the United States, Canada will need to diversify its customers fast. In this video, Motley Fool energy analyst Joel South discusses what it is about the changing energy market in the U.S. that makes it so risky for Canada to remain this overexposed to the U.S. market, and why increased pipeline takeaway capacity could help.

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Joel South has no position in any stocks mentioned. The Motley Fool recommends Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Energy, Materials, and Utilities
Joel South Joel South Fool Contributor

Joel is an energy and materials analyst for The Motley Fool. He is also a graduate of the University of Washington and a co-host of "Digging for Value". Be sure to follow The Motley Fool's energy and materials Twitter for all your energy and materials coverage.