West Coast oil pipeline becomes 1st project designated in national interest
The project could add up to $30 billion a year to Canada’s GDP and create up to 140,000 jobs, 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.
27 Articles
27 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.
Bowen Island Undercurrent
Carney gives Alberta pipeline special interest designation, to be called Pacific Link
FORT MCMURRAY — Prime Minister Mark Carney says an oil pipeline to the West Coast is the first project to receive national interest designation under the 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.
Coverage Details
Bias Distribution
- 64% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
