Shred the cabbage and place in a large bowl. Using a peeler or a grater, peel or grate the carrots and place in bowl with the cabbage along with the bell pepper. Toss well to combine.
In a small bowl or measuring cup, combing the canola oil, sesame oil, rice vinegar, soy sauce, lime juice, sugar and red pepper flakes. Drizzle over coleslaw and toss well. Add peanuts and serve.
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