Canada Accelerates Two New Oil Pipelines Under Carney

Canada is advancing plans for two major oil pipelines, signaling a pro-energy shift under Prime Minister Mark Carney. The latest development on July 8 expands the July 7 eastbound proposal with a new west coast pipeline from Alberta to British Columbia. The C$35-43 billion west coast project targets 1 million bpd capacity to Asian markets via a southern route, while the 3,300 km east pipeline to Sarnia would deliver 500,000 bpd initially. Both projects remain years from completion and carry significant regulatory and cost risks.