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Canada Votes for Climate Action. And Oil.

(Bloomberg Opinion) -- Canada’s masses have spoken. Good luck to the energy industry interpreting what they said.Prime Minister Justin Trudeau and his Liberal Party have secured a second term in power, albeit having lost their majority. That latter point is critical for Canada’s oil and gas producers and shippers, as is the wider redistribution of seats.If there’s one defining aspect to take away from Canada’s election, it’s the deepening of divisions. Energy likes to flow, but Canada has become a case study in bottlenecks. Alongside the tortured saga of the Keystone XL pipeline to take Albertan oil south, other pipelines have been delayed or, in the case of Kinder Morgan Canada Ltd.’s Trans Mountain expansion to British Columbia, bought out by Ottawa to get it done. Five years ago, oil sands output was forecast to rise above four million barrels a day by the mid-2020s. That’s been pushed back to the early 2030s(1), and even that looks...