Prime Minister Mark Carney and Alberta Premier Danielle Smith said Friday they’re eyeing a fall 2027 start date for construction of a new bitumen pipeline to the West Coast. It’s part of a plan to accomplish the remaining steps of the landmark energy deal they signed last fall. There is to be a new scheme for carbon emissions pricing in Alberta, and a commitment from Carney to declare the pipeline as being in the national interest by October of this year.
Meanwhile behind the optics…
Canada’s Asian pipeline strategy faces significant criticism, focusing on the accelerating energy transition in Asia toward electrification, which threatens long-term demand for Canadian oil. Concerns include reliance on outdated demand projections, massive capital investment risks in a shifting market, intense environmental opposition, and the rapid rise of renewables/EVs.
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Court Painter has called upon a manual phoropter to decipher the optics of the announcement.
