Carney Sets 2027 Timeline for Pacific Link Pipeline Approval

Canadian Prime Minister Mark Carney announced progress on a major pipeline project called Pacific Link. The proposed pipeline will connect Canada's oil region in Alberta to the Pacific coast, reducing the country's economic dependence on the United States.

Carney said that definitive approval for the project could come as early as 2027. The Alberta and federal governments will initially own 90% of the project, with Calgary-based Pembina Pipeline Corp. owning the remaining 10%. Pembina has the option to increase its stake by another 10% once the pipeline is operational.

The Pacific Link project is a key part of Carney's agenda to transform Canada's economy and double non-U.S. exports over the next decade. He said that the pipeline will create 'hundreds of thousands of good jobs' and 'unlock the full potential of Canada as a global energy superpower.'

The announcement comes just weeks before a non-binding referendum in Alberta on whether to separate from Canada. Separatist leaders have cited environmental concerns as a major grievance, accusing former Prime Minister Justin Trudeau of stifling the provincial economy.