Canada will fast track the approval process for a new ‌proposed crude oil export pipeline to its west coast that could generate over C$20 billion ($14 billion) a year in GDP, Prime Minister Mark Carney said on Thursday.

The pipeline, which was announced in July, is a crucial part of Carney's bid to diversify the ​economy away from the United States and help lessen the effect of Donald Trump's tariffs.

Carney said ​Ottawa would officially list the Pacific Link pipeline as a project of national interest, ⁠which enables it proceed through a single federal regulatory review process. He said Ottawa aimed to complete the ​process by September 1, 2027.

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[–] 1 point 4 days ago (2 children)

Which is fair, and I get that. It's a complicated question of just how critical it is for our future success and prosperity though. He's making a gamble that this is the best use of resources and political capital and it's either going to prove very smart, or it's going to be a boat anchor on our economy for decades and the chance of either is a coin flip.

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