Canada’s Carney secures deal for pipeline to expand oil exports beyond US

Ottawa says future pipeline will reduce economic dependence on the US amid Donald Trump’s trade war.Canadian Prime Minister Mark Carney has secured an investment agreement with British Columbia to build a major oil pipeline, overcoming initial opposition from the westernmost province.The future pipeline is expected to carry 1 million barrels of oil a day – from the oil-rich province of Alberta, across the entirety of British Columbia, to the country’s west coast – allowing Canada new access to Asian markets and reducing its economic dependence on the United States.Recommended Stories list of 4 itemslist 1 of 4Powerful explosion as firefighters probe smoke at Tacoma apartmentlist 2 of 4‘They gave their best’: Congolese reflect on historic World Cup runlist 3 of 4Who are the rogue bishops defying Pope Leo XIV?list 4 of 4Iran warns ships against using unapproved routes in Strait of Hormuzend of list“It’s time to move to action,” Carney said at a news conference with Danielle Smith, the premier of conservative-leaning Alberta.“The best route for a new pipeline is one that goes through one that already exists, south through the Trans Mountain corridor, to our Pacific Coast, the gateway to the world’s fastest-growing markets,” Carney said.Carney has set a goal for Canada to double its non-US exports in the next decade and said a pipeline can reduce the price discount on current oil sales to US markets.The pipeline would follow closely along a route already traversed by the Trans Mountain pipeline.It would run from Bruderheim, northeast of Edmonton, Alberta, to the southern British Columbia coast, delivering more than 1 million barrels per day to tankers and then to Asian markets.Smith said the Alberta government is partnering with the federally owned Trans Mountain Corporation and Calgary-based Pembina Pipeline on what it calls the West Coast oil pipeline.“The world is asking Canada to step up and provide stable, democratic and reliable energy supply that countries around the world are looking for,” Smith said.