Canada promotes new pipeline project, expected to expand crude oil exports to Asia
Canadian Prime Minister Mark Carney and Alberta Premier Danielle Smith made significant progress on a new pipeline project today, which is expected to significantly increase crude oil exports to Asia.
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- 📰 Published: May 16, 2026 at 13:32
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Central News Agency, Toronto, May 15 (Reported by foreign media) Canadian Prime Minister Mark Carney and Alberta Premier Danielle Smith made significant progress today on a new pipeline project, which is expected to significantly boost crude oil exports to Asia.
AFP reported that expanding energy exports overseas has become a key strategic link for Mark Carney to reduce Canada's economic dependence on the US, but the new pipeline project faces strong resistance due to environmental concerns.
Conservative Danielle Smith has repeatedly criticized former Prime Minister Justin Trudeau for focusing on climate issues, accusing him of suffocating Alberta's oil industry, but she has sought to cooperate with Carney.
Carney and Smith signed an agreement today on industrial carbon pricing, removing a major obstacle to the new pipeline project. Carbon pricing is a mechanism for charging large carbon emitters.
Oil companies have always had opinions about this system, but Smith said today that the high rates set during the Trudeau government era have now "come down."
Ottawa authorities and the Alberta government have reached an agreement, with rates to be gradually increased, reaching 130 CAD per ton of carbon dioxide emissions by 2040 (about 3,000 New Taiwan Dollars). Trudeau had required that the charging standard be increased to 170 CAD by 2030 (about 4,000 New Taiwan Dollars).
Carney announced the news in Calgary, a southern city in Alberta, saying that the final plan for the pipeline serving the Asian market should be submitted to his major projects office by July 1st.
He said that Canada has "earned the trust of Asian countries that want our energy because they know that in this turbulent world, we are a safe, stable, and reliable partner."
Some indigenous groups and First Nations have already stated that they will oppose any pipeline project from Alberta to the Canadian Pacific coast.
Left-wing New Democratic Party leader Avi Lewis criticized the news announced today, saying "it represents the Carney government formally bowing to the oil and gas lobby."
AFP reported that expanding energy exports overseas has become a key strategic link for Mark Carney to reduce Canada's economic dependence on the US, but the new pipeline project faces strong resistance due to environmental concerns.
Conservative Danielle Smith has repeatedly criticized former Prime Minister Justin Trudeau for focusing on climate issues, accusing him of suffocating Alberta's oil industry, but she has sought to cooperate with Carney.
Carney and Smith signed an agreement today on industrial carbon pricing, removing a major obstacle to the new pipeline project. Carbon pricing is a mechanism for charging large carbon emitters.
Oil companies have always had opinions about this system, but Smith said today that the high rates set during the Trudeau government era have now "come down."
Ottawa authorities and the Alberta government have reached an agreement, with rates to be gradually increased, reaching 130 CAD per ton of carbon dioxide emissions by 2040 (about 3,000 New Taiwan Dollars). Trudeau had required that the charging standard be increased to 170 CAD by 2030 (about 4,000 New Taiwan Dollars).
Carney announced the news in Calgary, a southern city in Alberta, saying that the final plan for the pipeline serving the Asian market should be submitted to his major projects office by July 1st.
He said that Canada has "earned the trust of Asian countries that want our energy because they know that in this turbulent world, we are a safe, stable, and reliable partner."
Some indigenous groups and First Nations have already stated that they will oppose any pipeline project from Alberta to the Canadian Pacific coast.
Left-wing New Democratic Party leader Avi Lewis criticized the news announced today, saying "it represents the Carney government formally bowing to the oil and gas lobby."