Alberta update on West Coast oil pipeline postponed
The delay comes as Alberta’s oil producers seek progress on a carbon capture network and critics cite missing shipper commitments and a private proponent.
- On Thursday, Alberta postponed a planned update on its proposed million-barrel-a-day West Coast bitumen pipeline, delaying a scheduled news conference to later in the day.
- Federal officials confirmed earlier this week the project lacks a private-sector proponent, firm shipper commitments, and a finalized route; critics contend it currently lacks viable commercial case.
- Reliance on U.S. markets remains high, with the U.S. importing roughly 93 percent of Canadian crude in 2024, while TMX optimization projects will add 300,000 barrels per day by 2028.
- Prime Minister Mark Carney will join Premier Danielle Smith in Calgary this evening for an announcement, following his confirmation to Premier David Eby that the federal oil tanker moratorium on the North Coast remains in place.
- Jackie Forrest, executive director of the ARC Energy Research Institute, characterizes the pipeline as strategic insurance, as the International Energy Agency projects global oil demand rising to roughly 105.5 million barrels per day by 2030.
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Alberta Premier’s update on west coast oil pipeline submission postponed
An embargoed media briefing by Alberta officials with reporters Thursday morning was cancelled and a news conference with Alberta Premier Danielle Smith on a pipeline submission postponed to later Thursday, according to a news release from the Alberta government. The prime minister is scheduled to hold a joint news conference in Alberta with Smith later today. Ahead of that, Mark Carney was in B.C. where he met with Premier David Eby and discuss…
Alberta Pushes Ahead With West Coast Pipeline Despite No Private Investors - South Asian Daily
The Alberta government has postponed a planned announcement on its proposed West Coast oil pipeline, delaying a news conference with Premier Danielle Smith that had been scheduled for Thursday morning. A new time for the update is expected later in the day. The proposed pipeline is part of a memorandum of understanding signed last fall between Alberta and Prime Minister Mark Carney’s government. The agreement outlines plans to advance a new pipe…
A press conference with Prime Minister Danielle Smith was scheduled for Thursday morning. The post L的Alberta postponed the presentation of its pipeline project to the west coast appeared first on Les Affaires.
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