The U.S. election is history and Barack Obama remains President. What also returns with a vengeance is controversy over the proposed Keystone XL oil sands pipeline from Alberta to the United States and uncertainty about whether Canada will have a market for its oil.
Ottawa seems confident the U.S. will approve the project. However, President Obama’s lack of commitment over Keystone XL, in contrast to Mitt Romney’s promise to approve it on Day One of his administration, puts new urgency on Stephen Harper’s Asian diversification strategy and his related plans for new guidelines to guide foreign — particularly Asian — investment.
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