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The Economic Times
The Economic Times

The new oil pipe: Canada wants to break free from the US grip and send more crude to Asia

TORONTO: Canadian Prime Minister Mark Carney on Thursday fast-tracked a proposed oil pipeline capable of carrying one million barrels a day to the Pacific coast, which could reduce the country's dependence on the United States and mend relations with oil-rich Alberta as separatists push for a referendum on leaving Canada.

Appearing with Alberta Premier Danielle Smith in Fort McMurray, at the heart of Canada's oil sands, Carney designated the Pacific Link pipeline as a project of national interest under legislation his government enacted to accelerate major infrastructure projects.

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