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Government Takes Lead on Oil Pipeline | Calgary News
Prime Minister Mark Carney’s government has pivoted dramatically on the Trans Mountain pipeline, shifting from demanding private funding to taking full control of the $40-billion project through the crown corporation. With global oil markets rattled by a Persian Gulf conflict and rising demand from Asia, Ottawa is now racing to build a new export route from Alberta to a BC port — a move that’s forcing a historic public-led effort, including consultations with over 100 First Nations. While private investors remain hesitant and timelines stretch to 2032, the government is stepping in with…
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