Will Ottawa Approve This Pipeline
Will Ottawa grant this major pipeline project national significance? The clock is ticking toward October 1st.
What the video says
Premier Danielle Smith is not hedging on the October deadline. She expects a federal decision on the West Coast pipeline by October 1st.
This designation would fulfill a key agreement condition to finally advance the project. To fill it, major producers like Suncor and Imperial Oil must ramp up output.
Imperial Oil CEO John Whelan noted that a supportive framework could let them double upstream production. Industry cash flows are already getting a boost from a new federal investment deduction.
Ottawa also unveiled Bill C-39 to guarantee 1-year reviews for other major projects. It all leads to the October 1 ruling on whether to grant this pipeline national significance.
