Canada Strikes Deal to Start Building Oil Pipeline in 2027

Canada and Alberta have reached a carbon pricing deal that would pave the way for construction of a new oil pipeline starting as early as 2027, while scaling back a carbon capture project that Ottawa tied to the plan.

Prime Minister Mark Carney and Alberta Premier Danielle Smith announced the agreement on Friday, which builds on the memorandum of understanding signed in November that outlined conditions for federal support of a crude pipeline to the west coast to serve Asian markets.