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Carney Invokes New Powers to Fast-Track West Coast Oil Pipeline
Source: Bloomberg
Energy Markets & PricesRegulation & LegislationTrade Policy & Supply ChainInfrastructure & Defense
Prime Minister Mark Carney is fast-tracking regulatory approval for a new high-capacity Canadian oil pipeline designed to expand exports to Asian markets. Construction is targeted to begin in September 2027, potentially improving long-term market access and transportation capacity for Canadian crude producers.
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