Prime Minister Mark Carney’s July 2 announcement with Alberta Premier Danielle Smith was presented as a major step forward in getting a new oil pipeline built from Alberta to the B.C. coast.
It followed an agreement earlier the same day between the federal government and B.C., which has been opposed to the pipeline project, with Ottawa committing to several initiatives benefiting the province along with major funding.
Here’s a look at the key takeaways from the two agreements and what they mean going forward.
New Southern Route
The proposed pipeline is meant to carry over 1 million barrels of crude oil per day from Bruderheim, Alta., near Edmonton to Delta in southern B.C., following mainly along the existing Trans Mountain pipeline corridor which runs through central Alberta and southern B.C….