Alberta Eyes Oil Route After Trump OKs Alaska Rail Link
- A2A Seeks to build $17 billion Alberta to Alaska rail link
- Alaska ports could pave way for oil sands exports to Asia
Photographer: David Paul Morris/Bloomberg
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U.S. President Donald Trump’s decision to approve a rail link between Canada and Alaska could open up an export route to Asia for Alberta’s struggling oil sands producers.
The presidential permit, announced in a tweet late on Friday, will push forward a $17 billion project to build a rail line between Fort McMurray, in the heart of Alberta’s oil sands, and Delta Junction in Alaska, according to Alaska – Alberta Railway Development Corp., or A2A, the company behind the project.