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Canada advances Alberta pipeline to Pacific Coast to expand oil exports beyond the US
AP News • • business
Key Points:
- Canada is advancing a new Pacific Coast pipeline from Alberta to increase oil exports to Asian markets, aiming to reduce dependence on the U.S. and address separatist tensions in Alberta.
- The proposed pipeline route will follow the existing Trans Mountain corridor through southern British Columbia, delivering over one million barrels per day to tankers while maintaining a ban on oil tankers off northern British Columbia.
- Alberta Premier Danielle Smith and Prime Minister Mark Carney emphasize the project as a nation-building effort to unlock economic opportunities, with goals to double Alberta's oil production and Canada's non-U.S. exports in the next decade.
- British Columbia supports keeping the northern tanker ban to protect its pristine coast, with compensation from the federal government for environmental risks associated with the southern pipeline route.
- The project builds on existing infrastructure and policies, following the 2024 expansion of the Trans Mountain pipeline, which has already increased Canadian oil shipments to Asia and reduced reliance on U.S. markets.
