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.
The pipeline, which was announced in July, is a crucial part of Carney’s bid to diversify the economy away from the United States and help lessen the effect of Donald Trump’s tariffs.
Carney said Ottawa would officially list the Pacific Link pipeline as a project of national interest, which enables it proceed through a single federal regulatory review process. He said Ottawa aimed to complete the process by September 1, 2027.
This pipeline is more of a hedge, imo. Carney doesn’t want us to get caught with our pants down in case of a more critical issue with the US.
Yeah I think this just buys us time to get the pipeline to Ontario setup so we can start refining our own oil. Which is another mixed bag of feelings, but it’s completely idiotic to import crude from the middle east when we have our own a few provinces away