Carney hopes an oil pipeline can help Canada fight a trade war
Canadian Prime Minister Mark Carney has announced the fast-tracking of the Pacific Link oil pipeline to diversify Canada's energy exports. The project aims to reduce reliance on the US market by opening access to Asia-Pacific buyers.
Why it matters
The project represents a strategic shift in Canadian economic policy to mitigate the impact of US protectionist trade tariffs.
Image source, Reuters Image caption, Mark Carney is pushing to make Canada a major energy exporter
Prime Minister Mark Carney has announced that Canada will fast-track the approval process for a 1,250km (775 mile) oil pipeline project to the Pacific coast.
Carney argues the Pacific Link project is key to national interests, allowing Canada to diversify its oil markets away from the US.
"A pipeline to the west coast is part of our mission to transform our economy, to double our non-US exports over the next decade," he said on Thursday.
It will also be a test of his promise to global investors that Ottawa can move quickly to build major projects as he seeks to turn Canada into a global energy "superpower".
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