HeadlinesBriefing favicon HeadlinesBriefing.com

Canada's New Pacific Pipeline Aims to Diversify Oil Exports Beyond US Market

Financial Times Companies •
×

Prime Minister Mark Carney announced plans for a 1,000km pipeline connecting Alberta's oil sands to British Columbia's Pacific coast, targeting up to 1 million barrels of crude daily for Asian markets. The project, leveraging the existing Trans Mountain corridor, represents Carney's push to position Canada as an "energy superpower" while reducing reliance on US imports that account for three-quarters of Canadian trade. Alberta Premier Danielle Smith aims to double provincial oil production by 2035, framing the pipeline as essential for long-term economic growth amid rising global demand.