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Canada Fast-Tracks 1 Million-Bpd Pacific Link Oil Pipeline To Asia
Authored by Julianne Geiger via OilPrice.com,
Canada is fast-tracking a proposed 1 million-barrel-per-day oil pipeline to the Pacific coast, giving Alberta another route to Asian buyers and another way around its overwhelming dependence on the U.S. market.
Prime Minister Mark Carney said Thursday that Ottawa will list the project as one of national interest, sending it through a single federal review process that Ottawa aims to complete by September 1, 2027, potentially allowing construction to begin shortly afterward.
The pipeline would run from Alberta to southern British Columbia, largely following the existing Trans Mountain corridor. Trans Mountain Corp. and Pembina Pipeline would lead the project, with the federal and Alberta governments expected to hold the majority stake. Indigenous communities would be offered at least 10% ownership.
Alberta estimates construction could cost between C$35.2 billion and C$43.7 billion. Ottawa says the project could generate more than C$20 billion in annual GDP, create as many as 140,000 jobs at peak construction and produce C$100 billion in government revenue by 2060.
Canada still sends more than 90% of its crude exports to the United States. Its main escape route is the 890,000-bpd Trans Mountain pipeline, which reaches the Pacific and is already running at capacity.
That Pacific access has become more valuable since the Iran war disrupted Middle Eastern flows and sent Asian refiners hunting for barrels that do not have to clear the Strait of Hormuz. China has already become the largest buyer of Trans Mountain's seaborne exports, taking roughly 60% of shipments, according to the Canadian government.
Ottawa and Alberta are also pursuing another 300,000 to 400,000 bpd of capacity on the existing Trans Mountain system.
The new pipeline still needs a final route, regulatory approvals, and consultation with Indigenous communities and British Columbia.
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CBS Dumps Tony Romo Two Months After OWI Arrest With Roughly $72 Million Left On His Deal
CBS Sports and Tony Romo, the former Dallas Cowboys quarterback turned lead NFL analyst, are done.
"CBS Sports and Tony Romo have mutually agreed to part ways. We thank Tony for his contributions over the past nine years and wish him the best moving forward."J.J. Watt has been named as Romo's replacement.
Romo joined CBS in 2017 and signed a 10-year, $180 million deal in 2020, one of the richest contracts in sports broadcasting. About four years and roughly $72 million remained on it. Neither side disclosed the terms of the separation, so how much of that CBS actually pays out is anyone's guess.
The exit comes a little more than two months after Romo was arrested for operating while intoxicated on July 23 in the Milwaukee area, after competing in the Wisconsin Amateur Championship. Body camera footage showed him telling deputies he was visiting relatives before he failed field sobriety tests, and police found an open container of alcohol in his vehicle. He later pleaded no contest.
In a statement, Romo said he developed a reliance on pain medication after back surgeries from his playing days, which led to an "over-reliance" on alcohol. "None of this is an excuse. These are my failures, and I take responsibility for them," he said, adding that he plans to step away and focus on his health and family before pursuing another job.
Reviews of Romo's work in the booth had waned in recent seasons, AP noted. An OWI arrest is a convenient off-ramp from the back half of a contract signed at the top of the market.
CBS's parent, Paramount Skydance, is days from closing its $31-a-share cash takeover of Warner Bros. Discovery, with the deal expected to close Tuesday, Oct. 6. A newly merged media giant will be looking hard at every nine-figure talent contract on the books.
Former Houston Texans star J.J. Watt takes Romo's seat next to Jim Nantz and Tracy Wolfson on CBS's top NFL crew, while Ian Eagle, Ross Tucker and Evan Washburn stay together on the No. 2 team. Early reviews of Watt's fill-in work were mixed, praising his preparation while questioning his feel for big moments.
Tyler Durden Fri, 10/02/2026 - 18:50