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Canada Advances New Oil Pipeline with C$150bn Investment

Source: The Guardian World - Published: 03 Jul 2026 18:34

The Canadian government and Alberta have announced a significant investment exceeding C$150 billion to advance a new oil pipeline project, addressing concerns from British Columbia and Indigenous communities. The plan includes port expansions, infrastructure for a liquefied natural gas terminal, and protections for endangered whale species.

The pipeline will follow the existing Trans Mountain route before diverting to a new terminal, aiming to transport one million barrels per day. The project emphasizes Indigenous community involvement and maintains a ban on oil tankers in northern British Columbia, reflecting a compromise to ensure environmental safeguards.

Briefed by Gibik from the original source.