8 Takeaways From Ottawa‑Alberta Pipeline and Energy Deal

Prime Minister Mark Carney and Alberta Premier Danielle Smith shake hands after signing an MOU in Calgary on Nov. 27, 2025. The Canadian Press/Jeff McIntosh

Prime Minister Mark Carney and Alberta Premier Danielle Smith signed an agreement on Nov. 27 that paves the way for a new West Coast pipeline if a private proponent comes forward, while also changing key energy policies introduced by the previous Trudeau government.

As part of the agreement, Alberta has also made certain commitments to reduce emissions.

A Pipeline With a Caveat

The memorandum of understanding (MOU) between Ottawa and Alberta allows for one or more privately financed pipelines, including a proposed route capable of carrying roughly 1 million barrels a day of  bitumen to Asia.