Alberta, Ontario Propose 3,300-Km Oil Pipeline as Canada Seeks to Cut US Energy Dependence
Updated
Updated · Bloomberg · Jul 6
Alberta, Ontario Propose 3,300-Km Oil Pipeline as Canada Seeks to Cut US Energy Dependence
3 articles · Updated · Bloomberg · Jul 6
Summary
Alberta and Ontario unveiled the Northern Shield Energy Corridor, a 3,300-kilometer pipeline linking Hardisty, Alberta, with Sarnia, Ontario.
The line would move about 500,000 barrels of crude a day for domestic use and export markets, with capacity that could later rise to 800,000 barrels a day.
The provinces cast the project as a way to reduce Canada's reliance on the US for energy flows across the country.
Ontario is also exploring its own strategic petroleum reserve, broadening the push for greater domestic energy security.