Canada’s Carney secures deal for pipeline to expand oil exports beyond US

Canadian Prime Minister Mark Carney announced a significant investment agreement with British Columbia to construct a major oil pipeline, overcoming initial provincial opposition. This project is poised to reshape Canada's energy export landscape and reduce its reliance on the United States.

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It’s time to move to action.

The proposed pipeline is designed to carry one million barrels of oil per day from Alberta's oil-rich fields, traversing British Columbia to reach the country's west coast. This route is intended to provide Canada with crucial access to rapidly growing Asian markets. Carney has set an ambitious goal for Canada to double its non-U.S. exports within the next decade, with the pipeline playing a key role in achieving this.

Carney stated at a news conference with Alberta Premier Danielle Smith, "It’s time to move to action." He emphasized that the most viable route for the new pipeline would follow the existing Trans Mountain corridor to the Pacific Coast, serving as a gateway to global markets. The pipeline would run from Bruderheim, Alberta, to the southern British Columbia coast.

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The best route for a new pipeline is one that goes through one that already exists, south through the Trans Mountain corridor, to our Pacific Coast, the gateway to the world’s fastest-growing markets.

Smith highlighted that Alberta is partnering with the federally owned Trans Mountain Corporation and Calgary-based Pembina Pipeline on this initiative, dubbed the West Coast oil pipeline. "The world is asking Canada to step up and provide stable, democratic and reliable energy supply that countries around the world are looking for," Smith said. Alberta aims to double its oil production to eight million barrels per day over the next 10 to 15 years.

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The world is asking Canada to step up and provide stable, democratic and reliable energy supply that countries around the world are looking for.

While the pipeline aims to boost exports, British Columbia and some First Nations have previously opposed pipelines through the northern part of the province. Carney addressed these concerns by stating he would compensate British Columbia for environmental risks if the pipeline is built in the southern region. He also affirmed that "The tanker ban will remain in place. We will be protecting the northern coast of British Columbia."

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The tanker ban will remain in place. We will be protecting the northern coast of British Columbia.