West Coast oil pipeline becomes 1st project designated in national interest
- On Thursday, Prime Minister Mark Carney and Alberta Premier Danielle Smith announced the Pacific Link pipeline as the first project designated of national interest under the Building Canada Act in Fort McMurray.
- Spanning 1,250 kilometres, the project transports one million barrels of crude oil daily from Bruderheim, Alta., to Delta, B.C., involving Trans Mountain Corp., Alberta, and Pembina Pipeline Corporation at a cost between $35.2 billion and $43.7 billion.
- Offering Indigenous communities a minimum of 10 per cent ownership interest, the project is projected to boost Canada's GDP by up to $30 billion annually while creating up to 140,000 jobs.
- Listing the project on Schedule One of the Building Canada Act shifts federal focus from feasibility assessment to construction planning, with conditions to be finalized by September 1, 2027.
- By diversifying exports away from the U.S., Canada expects an additional $10 billion in annual revenues as it accesses higher-priced international markets; Carney called this an "important day for Alberta and for Canada.
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7 Articles
Carney Invokes New Powers to Fast-Track West Coast Oil Pipeline
Prime Minister Mark Carney is expediting regulatory approval for a new, high-capacity oil pipeline to expand Canada’s access to Asian markets, with the aim of starting construction in September 2027.
‘The business case is very strong’: Canada designates new West Coast pipeline first project of national interest
The Canadian government is designating a proposal for a new oil pipeline to the West Coast the first-ever project of national interest under Prime Minister Mark Carney’s Building Canada Act.
Canada to fast track oil pipeline designed to diversify economy away from US
Canada will fast track the approval process for a new proposed crude oil export pipeline to its west coast that could generate over C$20 billion ($14 billion) a year in GDP, Prime Minister Mark Carney said on Thursday.
West Coast oil pipeline becomes 1st project designated in national interest
The federal and Alberta governments have announced that a proposed pipeline carrying one million barrels of oil a day from Alberta to the B.C. coast has become the first project designated in the national interest.
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