Canada Fast-Tracks Pacific Pipeline to Reduce Dependence on US
Canadian Prime Minister Mark Carney has fast-tracked a proposed oil pipeline that could reduce Canada's dependence on the US and mend relations with oil-rich Alberta, where separatists are pushing for a referendum on leaving Canada.
The Pacific Link pipeline would carry one million barrels of oil per day from Bruderheim, Alberta to a deep water port near Delta, British Columbia. It is expected to cost between $25 billion and $31 billion.
Carney designated the pipeline as a project of national interest under legislation enacted by his government to accelerate major infrastructure projects. He said Canada had a 'once-in-a-generation opportunity to become an energy superpower' and end its reliance on a single trading partner, with 90% of Alberta's oil currently going to the US.
The pipeline faces opposition from Indigenous communities and environmental groups, who have concerns about its route, environmental effects, marine shipping, and treaty rights. Carney said the 'real intensive consultation process will begin now' and that Canada is committed to offering Indigenous communities an ownership stake of at least 10%.