Canadian Prime Minister Mark Carney secured an investment agreement with British Columbia on Thursday to build a major oil pipeline, overcoming initial opposition from the westernmost province.<\/p>\n
The future pipeline is expected to carry one million barrels of oil a day \u2014 from the oil-rich province of Alberta, across the entirety of British Columbia, to the country\u2019s west coast \u2014 allowing Canada new access to Asian markets and reducing its economic dependence on the United States.<\/p>\n
At a press conference with Carney on Thursday, Danielle Smith, the premier of the conservative-leaning province of Alberta, announced the formal submission of the project to federal authorities, more than seven months after signing a memorandum of understanding.<\/p>\n
\u201cIt\u2019s time to move to action,\u201d Carney said, specifying that a consultation process would \u201cbegin immediately\u201d with Indigenous communities who have voiced opposition to the project.<\/p>\n
British Columbia\u2019s Premier David Eby said the investment agreement, worth several billion Canadian dollars, secured environmental safeguards and would see construction of new LNG facilities and port infrastructure in the province.<\/p>\n
\u201cWe will not be going to court to fight a pipeline project,\u201d Eby said, adding that residents would be \u201cfairly compensated for the environmental risks\u201d of the project.<\/p>\n
British Columbia leadership had until recently voiced opposition to the project over concerns on environmental impact and risks to Indigenous communities.<\/p>\n
Carney had previously said the pipeline would help Canada realize its goal of becoming an \u201cenergy superpower,\u201d dismissing impacts on national climate goals laid out by predecessor Justin Trudeau.<\/p>\n
\u201cThe changes we have made will mean that our emissions will be higher in the next few years than they were projected to be under the previous government\u2019s plan,\u201d Carney said Tuesday.<\/p>\n
\u201cBut in my judgment, that plan was not sustainable over the long term,\u201d he added.<\/p>\n
Opening up to more global markets is part of Canada\u2019s strategy to cope with the trade war waged by US President Donald Trump.<\/p>\n
Since taking office for his second term, Trump has imposed varying tariffs via executive order on energy products and goods from Canada and other countries.<\/p>\n","protected":false},"excerpt":{"rendered":"Canadian Prime Minister Mark Carney secured an investment agreement with British Columbia on Thursday to build a major…\n","protected":false},"author":2,"featured_media":114440,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98],"tags":[17,1651,234,1823,111,30221],"class_list":["post-114439","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mark-carney","tag-canada","tag-energy","tag-environment","tag-international","tag-mark-carney","tag-mna"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/114439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=114439"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/114439\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/114440"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=114439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=114439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=114439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}