Canada fast-tracks 1M bpd Pacific pipeline to Asia, cuts US dependence

Canada will fast-track a 1 million bpd oil pipeline from Alberta to the Pacific coast, designating it a national-interest project with a single federal review to be completed by September 2027. This marks a strategic shift to diversify export routes away from the US market, though construction timing and final investment remain uncertain. The move could reshape North American energy flows and reduce Canadian price discounts.