Canada has taken a crucial step towards building an oil pipeline to supply Asia with up to 1mn barrels of crude daily as Prime Minister Mark Carney seeks to make the nation an “energy superpower” and break its dependence on the US market.
Carney said Alberta had submitted plans to the Major Projects Office to break ground on a more than 1,000km pipeline stretching to the western coast of British Columbia by September 2027.
“Canada has a ‘once in a lifetime opportunity’. An opportunity that will determine our future,” he told reporters in Calgary late on Thursday. Carney added that the pipeline route would follow “one that already exists through the Trans Mountain corridor to our Pacific coast”.