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 one million barrels a day of bitumen to Asia.
