Canada Eyes Two New Oil Pipelines

The governments of Canada and Alberta signed a Memorandum of Understanding (MOU) on a West Coast oil pipeline on Nov. 27, 2025. The landmark MOU declared the proposed oil pipeline to Asian markets as a potential project of national interest.

Prime Minister Mark Carney and Premier Danielle Smith signed a subsequent Implementation Agreement on May 15, 2026, which outlines specific timelines to push for construction approval as early as September 2027.