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[BUSINESS] · Canada · 21 sources

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Canada designates Pacific Link pipeline as project of national interest FAST-MOVING

Prime Minister Mark Carney has designated the Pacific Link pipeline as a project of national interest, a move intended to fast-track its approval process through a single federal regulatory review. The proposed pipeline, which would transport approximately one million barrels of crude oil per day from Alberta to the British Columbia coast, aims to diversify Canada's trade and reduce economic dependence on the United States. The project is estimated to cost between C$35 billion and C$44 billion, with the federal and Alberta governments expected to hold significant ownership stakes alongside Pembina Pipeline Corp. and potentially Indigenous communities.

In conjunction with energy infrastructure expansion, Carney announced a C$1.2 billion investment to protect Canada's oceans. This funding is part of a broader national ocean strategy designed to strengthen marine monitoring, scientific research, and ecosystem protections. The government aims to protect 30% of its oceans by 2030 through its 'A Force of Nature' strategy. This environmental initiative seeks to balance the increased pressure on marine ecosystems caused by growing West Coast trade and infrastructure development, such as the Port of Vancouver and Roberts Bank Terminal 2.

Entities

Alberta · British Columbia · Canada · Danielle Smith · Government of Canada · Joanne Thompson · Mark Carney · Pacific Link · Pembina Pipeline Corp. · Port of Vancouver · Roberts Bank Terminal 2

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