The newly U.S.-approved Alberta–Wyoming oil pipeline is an economic win for Canada, but is only the first step in getting the country in a position where it can truly maximize benefits from its energy resources, industry watchers say.
U.S. President Donald Trump signed off on the proposed pipeline on April 30 with an executive order. The project supports the export of more than half-a-million barrels of crude oil per day, and would increase Canada’s oil exports to the United States by up to 12 percent.
The South Bow–Bridger Pipeline project would represent one step closer to Alberta Premier Danielle Smith’s broader long-term goal of pushing Alberta oil production toward 7 million barrels per day, up from roughly 5 million today….