President Obama recently talked on climate change, in which he restated climate policy for the U.S. While not much of the policy was novel, President Obama touched on TransCanada’s Keystone XL pipeline and reiterated the approval of the pipeline will need to be in the best interest of the U.S. More to the point, the pipeline will pass as long as a it does not result in a significant amount of carbon emissions.

This uncertainty drives the risk of relying solely on the United States as an energy export partner, with 99% of crude and 100% of natural gas exports going to our southern neighbor. Canada needs 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 so overexposed to the U.S. market, and why increased pipeline takeaway capacity could help alleviate the problem.

As investors looking to assemble an air-tight portfolio, opportunities to find high dividend paying stocks is paramount. Some of the best paying dividend stocks are energy midstream companies, who are responsible for assembling and managing the very pipelines Canada needs. For a nice check-in on high yielding stocks to buy today, be sure to click on this link and continue building and protecting your investment portfolio.

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Fool contributor Joel South does not own any of the companies mentioned in this report.  The Motley Fool has no position in any stocks mentioned at this time.

The post Canada in Desperate Need of More Energy Trading Partners appeared first on The Motley Fool Canada.

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