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Carney Expected to Announce Decision on Pipeline’s National Interest Designation
The designation would put the $35.2-billion pipeline on an accelerated federal approvals track and could make it the first project fast-tracked under the Building Canada Act.
- On Thursday, Prime Minister Mark Carney designated an Alberta-to-West Coast oil pipeline as a project of national interest in Fort McMurray, Alberta, alongside Alberta Premier Danielle Smith.
- This designation follows a May agreement requiring the pipeline's construction and the Pathways carbon capture project to be "mutually dependent," marking the first project receiving this status since Ottawa passed the Building Canada Act.
- Pembina Pipeline Corp holds a 10 per cent stake during construction, with Trans Mountain Corp and the Alberta Petroleum Marketing Commission funding the remainder; Ottawa confirmed Indigenous consultation is already underway.
- Energy Minister Tim Hodgson expects the Major Projects Office to complete its work on time, facilitating the designation while supporting broader efforts to simplify regulatory processes and incentivize capital investment.
- Lance Mortlock, managing partner at EY Canada, describes this as a "once-in-a-generation investment opportunity" that could set a path for Canada's prosperity for the next 100 years.
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In the news today: pipeline announcement, minimum wage hikes, Canadian goes to space
Here is a roundup of stories from The Canadian Press designed to bring you up to speed … Carney expected to announce decision on pipeline's national interest designation Prime Minister Mark Carney is expected to announce today that an oil pipeline to t...
Coverage Details
Total News Sources39
Leaning Left23Leaning Right1Center10Last UpdatedBias Distribution68% Left
Bias Distribution
- 68% of the sources lean Left
68% Left
L 68%
C 29%
Factuality
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