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Canada’s Oil Pivot: Government Takes Charge | Edmonton News
Canada’s Prime Minister Mark Carney just unveiled a jaw-dropping $40 billion oil pipeline project — funded entirely by the government — reversing his own recent stance that private investment should lead. Designed to ship Canadian oil to Asia via a new BC port, the pipeline will span 1,200 km, include pump stations, and require land rights from 108 First Nations. The move comes amid global energy turmoil triggered by the Persian Gulf, pushing Canada to diversify exports — especially as India, Japan, and even China seek Canadian energy. While Pembina Pipeline takes a 10% stake, Trans Mountain…
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