Canada PM Carney confirms southern Trans Mountain route for new Alberta pipeline tied to Pathways carbon capture project
investinglive.comCanadian Prime Minister Mark Carney has confirmed the southern route for a new Alberta to Pacific oil pipeline, running through the existing Trans Mountain corridor. The announcement also finalizes financing terms for the Pathways carbon capture project, a prerequisite that Ottawa had set before approving new pipeline capacity. Trans Mountain Corporation will build the line with private sector partner Pembina Pipeline, and the federal government has until October to designate the project in the national interest. The Pathways project, backed by major oil sands producers, is designed to capture and store a portion of the emissions from expanded output. This ties new fossil fuel infrastructure directly to a carbon capture commitment, a structure that could set a precedent for how Canada balances pipeline expansion with its climate targets. Construction could begin as early as September 2027 if the timeline holds, though further negotiations with British Columbia and First Nations along the corridor remain.
