Canada unveils Alberta-to-Pacific oil pipeline to cut dependence on the U.S.

[Canada and american national flags waving in the wind on a clear day] rarrarorro Canada unveiled plans to build a new oil pipeline from Alberta to the Pacific coast to expand crude exports to Asia, with construction expected to begin as early as September 2027. Prime Minister Mark Carney announced the proposal alongside Alberta Premier Danielle Smith, saying the governments had agreed "the time for action is now." The proposed pipeline would transport about 1M barrels of crude per day from Alberta to British Columbia's Pacific coast. The initiative underscores the Carney government's efforts to balance Canada's climate goals with growing economic pressures stemming from U.S. President Donald Trump's trade policies. Canada is seeking to reduce its reliance on the U.S., which receives the vast majority of its crude exports, by expanding access to overseas markets. Under the proposal, government-owned Trans Mountain Corp. would develop the pipeline in partnership with Pembina Pipeline, which would hold a 10% stake during construction. The federal and Alberta governments would retain majority ownership of the project. MORE ON CANADA * EWC: Canada In Technical Recession, But Here's Why You Want To Buy (Rating Upgrade) [https://seekingalpha.com/article/4910370-ewc-canada-in-technical-recession-but-heres-why-you-want-to-buy-upgrade] * Canada's manufacturing growth accelerates to 53.0 in June [https://seekingalpha.com/news/4609569-canadas-manufacturing-growth-accelerates-to-530-in-june] * USMCA review: U.S. unlikely to extend free trade deal [https://seekingalpha.com/news/4608724-usmca-review-us-unlikely-to-extend-free-trade-deal] * Seeking Alpha’s Quant Rating on iShares MSCI Canada ETF [https://seekingalpha.com/symbol/EWC/ratings/quant-ratings] * Dividend scorecard for iShares MSCI Canada ETF [https://seekingalpha.com/symbol/EWC/dividends/scorecard]