Ottawa and Alberta agree to push forward a pipeline project aimed at transporting 1 million barrels per day of Alberta crude to global markets.
Canada’s federal government and Alberta will meet Friday to advance a new pipeline capable of moving 1 million barrels per day of crude from Alberta to international markets. The project aims to address long-standing infrastructure bottlenecks that have constrained Canadian oil exports for over a decade.
The pipeline initiative follows years of disputes between Ottawa and Alberta over energy policy and carbon pricing. A new industrial carbon pricing agreement between the two governments was also confirmed, signaling a potential easing of tensions in Canada’s energy sector.
No immediate market reaction was reported, but the project could enhance Canada’s export capacity and reduce reliance on U.S. markets for crude shipments.