Prime Minister Mark Carney and Alberta Premier Danielle Smith have agreed to the broad terms of a deal that would support a new oil pipeline to Canada’s west coast, the Canadian Broadcasting Corp. reported Monday.
Currently Canada has rules which Smith and industry observers say deter investors from committing to a new conduit to ferry Alberta’s oil to the coast of British Columbia, and then to Asian markets. The most obvious legal block is a ban on tankers carrying oil off the northern British Columbia coast.