Canada to fast track oil pipeline designed to diversify economy away from US - Reuters

Chrystia Freeland leaves the West Block of Parliament Hill in Ottawa on Tuesday, Sept. OTTAWA - Former deputy prime minister Chrystia Freeland says it’s important for national security reasons that Canada do everything it can to diversify trade away from the United States. During a discussion at the Council on Foreign Relations in New York on Thursday, Freeland said it’s dangerous to deepen or maintain a close economic relationship with a partner who “openly says they want to take you over.”

Carney declared the pipeline a project of national interest, smoothening its way to a single federal regulatory review process. Canada will fast track the approval process for a new proposed crude oil export pipeline to its west coast that could generate billions in revenue and boost economic growth, Prime Minister Mark Carney has said. Carney made the announcement on Thursday to fast-track the pipeline, which is a crucial part of his bid to diversify the economy away from the United States and help lessen the effect of US President Donald Trump’s tariffs. Recommended Stories list of 4 itemslist 1 of 4How was the Flydubai co-pilot who attacked his captain cleared to fly?list 2 of 4How AI is reshaping everyday life in Chinalist 3 of 4Renee Good’s family sues Trump administration over fatal ICE shootinglist 4 of 4US Supreme Court agrees to take up Trump’s ICE detention policyend of listCarney said Ottawa is officially listing the Pacific Link pipeline, which had been announced in July, as a project of national interest. That will ensure it proceeds through a single federal regulatory review process. He said Ottawa aimed to complete the process by September 1, 2027.