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.
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.