CommentaryOil tanker being filled up at the Port of Vancouver from the Trans Mountain Pipeline. Heading to China, first of many trips.
The demand will be strong-Tightening supply of heavy crude makes Canadian oil more attractive to buyers around the world.
There will be logistical contraints at the Port with the amount of oil per ship being exported.
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Logistical constraints affects wind power also. Offshore windfarms in Canada non-existent. Infrastructure to carry, distribute and back up renewable energy is lacking. Want to export green hydrogen, will require a lot of expensive infrastructure to be built.
Oil pipelines and offshore windfarms have things in common. Expensive and less than optimal infrastructure to get the oil/energy to end users. The Federal Gov't will have to provide money into infrastructure. Some say over $400 billion required.
Doesn't matter whether through subsidies or direct investment, governments will have to play a greater role in energy transition. No idea how many billions of dollars, both foreign and domestic are waiting on both coasts for green energy to pan out.
Like Kermit says, it ain't easy being green.