Canada Secures BC Deal for 1-Million-Barrel Pacific Pipeline in Bet on Asian Markets Over US

The Eastern Herald

July 3, 2026

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Canada has cleared the central obstacle to a new oil pipeline from Alberta to the Pacific coast by striking a deal with British Columbia that locks in the northern tanker ban and commits federal compensation for environmental risks. The 1-million-barrel-per-day pipeline through the Trans Mountain corridor, estimated at 35 billion to 44 billion, is designed to open Canada's oil to Asian buyers amid mounting US trade pressure.

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