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Pipeline to Asia? The Risky Bet | Edmonton News
Canada and Alberta are launching a $35–43 billion oil pipeline to the West Coast, with government majority ownership—a bold move sparking alarm from environmental groups and energy experts. The pipeline aims to export oil to Asia, but markets there are rapidly pivoting toward electric vehicles and renewables, making long-term demand uncertain. Private investors are wary, questioning the project’s economic viability, especially as global oil demand is expected to peak and decline by 2034. Filling the pipeline would require a massive oilsands expansion, something the industry has avoided for…
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