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West Coast oil pipeline becomes 1st project designated in national interest
The 1,250-kilometre line could carry 1 million barrels a day and is expected to add $20 billion in annual GDP, officials said.
- 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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"I don't like the fact that so many of our citizens have given up Canada," Smith said.
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620 CKRM The Source | Country Music, News, Sports in Sask…Canada looks beyond U.S. with new Pacific oil pipeline
Expected to generate more than $20B in Canadian GDP.
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Total News Sources76
Leaning Left29Leaning Right3Center22Last UpdatedBias Distribution54% Left
Bias Distribution
- 54% of the sources lean Left
54% Left
L 54%
C 41%
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