Carney Reaffirms BC Tanker Ban, Narrowing Alberta's 1-Million-Bpd Pipeline Plan
Updated
Updated · OilPrice.com · Jul 2
Carney Reaffirms BC Tanker Ban, Narrowing Alberta's 1-Million-Bpd Pipeline Plan
3 articles · Updated · OilPrice.com · Jul 2
Summary
Ottawa kept the federal ban on oil tankers along British Columbia's North Coast, shutting off a key export corridor just before Alberta was to detail its proposed West Coast pipeline.
The move came in a multibillion-dollar Ottawa-B.C. resource-development agreement that preserves the North Coast moratorium while leaving Alberta's project eligible for federal consideration.
Alberta wants a privately financed 1-million-barrel-per-day pipeline designated a project of national interest to expand exports, cut reliance on the U.S. market and bolster energy security.
B.C. Premier David Eby repeated his opposition to lifting the ban but said the province would not sue to block a federally approved pipeline, securing compensation for environmental risks instead.
The proposal still lacks a private developer and faces federal review, Indigenous consultation and new questions over where oil could be loaded onto tankers.