Skip to content
Back to Guavy Wire
Commodities

Canada Fast-Tracks Pacific Pipeline to Reduce Dependence on US

Instruments
Oil
Share

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%.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc