Ottawa and Alberta have struck a pipeline deal. What does it include?
AI Article Summary
Ottawa and Alberta have reached a memorandum of understanding to establish a bitumen pipeline from Alberta to Canada's West Coast. The pipeline is projected to carry an additional 300,000 to 400,000 barrels of oil per day. This oil will be destined for markets in Asia, aiming to enhance Canada's export capabilities. The agreement underscores a significant collaboration between federal and provincial governments to bolster energy infrastructure.
What This Means for Canadian Contractors
This project shows how Canadian contractors may experience increased demand in the industrial sector, particularly for those specializing in energy infrastructure. For Canadian builders, this means needing to navigate complex permit processes and potentially access new funding avenues. Additionally, the project could lead to increased demand for skilled labor and impact supply chain logistics across the country.
