Canada signs pipeline deal that could reverse oil tanker ban
14 days ago
- #Pipeline
- #Environment
- #Canada
- Canada’s Prime Minister Mark Carney and Alberta Premier Danielle Smith signed a pipeline deal to diversify oil exports beyond the U.S.
- The deal includes adjusting an oil tanker ban off British Columbia’s coast if the pipeline is built.
- Cabinet minister Steven Guilbeault resigned in opposition, citing environmental risks like potential spills and damage to the Great Bear Rainforest.
- Carney aims to double non-U.S. exports in a decade, reducing reliance on American markets due to tariffs.
- The pipeline could supply over 1 million barrels per day to Asian markets, reducing dependency on the U.S.
- The agreement faces opposition from British Columbia’s government and Coastal First Nations, who fear environmental and cultural harm.
- The pipeline project is paired with a carbon capture initiative, both needing simultaneous development.
- Ottawa and Alberta will identify emissions-reduction projects by April 1, 2024, for rollout starting in 2027.