Alberta and Ottawa Greenlight New Pacific Pipeline

AI Summary

Alberta Premier Danielle Smith and Canadian Prime Minister Mark Carney announced a new oil pipeline to Canada's Pacific coast to expand Canadian oil access to Asian markets. This signals a policy shift from previous environmentalist-led energy agendas toward greater hydrocarbon infrastructure.

Alberta’s Premier Danielle Smith and federal Prime Minister Mark Carney have made the official announcement of a new oil pipeline, to be built to Canada’s Pacific coast, broadening the access of Canadian oil producers to the Asian market. The decision is a departure from previous Liberal governments’ energy agenda, which excluded the expansion of oil pipelines due to pressure from environmentalist groups and a focus on the energy transition away from hydrocarbons. Despite his firm support for the transition in past year, Prime…