Canada to fast track oil pipeline meant to diversify economy away from US

Author: aljazeera.comPublished on: October 1, 2026Country: Canada
Business & Economy
Canada to fast track oil pipeline meant to diversify economy away from US

Canadian Prime Minister Mark Carney announced the government will fast-track approval for a new crude oil export pipeline to the west coast, which could generate billions in revenue and boost economic growth. Ottawa has officially listed the Pacific Link pipeline, announced in July, as a project of national interest, aiming for completion by September 1, 2027. The 1 million barrel-per-day pipeline is expected to create 140,000 jobs and generate over 20 billion Canadian dollars in GDP annually by 2060, reducing Canada's reliance on US oil exports.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox

Learn more