Canada Should Keep Owning Trans Mountain, Crown Corp. CEO Says

Canada should hold onto ownership of the Trans Mountain oil pipeline long term because of the asset’s strategic nature, according to the head of the Crown corporation that manages Trans Mountain Corp.

The sole conduit to a port in British Columbia for crude oil from the Alberta oil sands has opened up significant exports to Asian markets since the capacity of the system was tripled to 890,000 barrels a day in 2024. Countries including China and South Korea are also seeking alternative supplies to those from the Middle East due to the Iran War.