Carney Expected to Announce Decision on Pipeline’s National Interest Designation
The designation would put the $35.2-billion pipeline on an accelerated federal approvals track and could make it the first project fast-tracked under the Building Canada Act.
- On Thursday, Prime Minister Mark Carney designated an Alberta-to-West Coast oil pipeline as a project of national interest in Fort McMurray, Alberta, alongside Alberta Premier Danielle Smith.
- This designation follows a May agreement requiring the pipeline's construction and the Pathways carbon capture project to be "mutually dependent," marking the first project receiving this status since Ottawa passed the Building Canada Act.
- Pembina Pipeline Corp holds a 10 per cent stake during construction, with Trans Mountain Corp and the Alberta Petroleum Marketing Commission funding the remainder; Ottawa confirmed Indigenous consultation is already underway.
- Energy Minister Tim Hodgson expects the Major Projects Office to complete its work on time, facilitating the designation while supporting broader efforts to simplify regulatory processes and incentivize capital investment.
- Lance Mortlock, managing partner at EY Canada, describes this as a "once-in-a-generation investment opportunity" that could set a path for Canada's prosperity for the next 100 years.
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Canada fast-tracks Pacific oil pipeline to reduce US dependence as Alberta separation vote nears
TORONTO (AP) — Canadian Prime Minister Mark Carney on Thursday fast-tracked a proposed million-barrel-a-day oil pipeline to the Pacific Coast, a bid to reduce the country’s dependence on the United States and mend relations with oil-rich Alberta as separatists push for a referendum on leaving Canada. Carney, appearing with Alberta Premier Danielle Smith in Fort...
Canada fast-tracks Pacific oil pipeline to reduce US dependence as Alb
TORONTO (AP) — Canadian Prime Minister Mark Carney on Thursday fast-tracked a proposed million-barrel-a-day oil pipeline to the Pacific Coast, a bid to reduce the country’s dependence on the United States and mend relations with oil-rich Alberta
Prime Minister Mark Carney and his Alberta counterpart Danielle Smith announced on Thursday the inclusion of the oil pipeline project to British Columbia on the list of projects of national interest. This means that it will receive expedited processing. The Major Projects Office will have until September 1, 2027 to impose its conditions after completing the evaluation and consultation process.
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