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Energy Face-Off: North American Energy Independence vs. Canada's Export Plans

The delay in Keystone XL and the barrage of protests and negative press served as a major wake-up call in Canada. It was viewed as a slap in the face to the Canadian government and TransCanada Corporation; Prime Minister Stephen Harper has since publicly commented that Canada should be looking to expand export capability to growing markets in Asia-Pacific, or Canada will run the risk of stunting the development of its oil industry in Western Canada.
-John M. Devir, executive vice president and convertible portfolio manager, PIMCO