Enbridge Warms Up to New Canada Oil Pipeline After Carbon Compromise
Bloomberg.com • • world
Key Points:
- Enbridge Inc.'s CEO expressed willingness to support a new oil pipeline to Canada’s west coast, signaling early corporate backing for the project.
- The announcement came shortly after Prime Minister Mark Carney and Alberta Premier Danielle Smith signed an energy agreement facilitating the pipeline's development.
- The Canada-Alberta deal enables the construction of a pipeline with a capacity of 1 million barrels per day, aimed at transporting Canadian oil to British Columbia’s coast.
- The pipeline is intended to enhance export opportunities by shipping crude oil to Asian markets in need of the resource.