Canada Eyes Two New Oil Pipelines

Canada is advancing plans for two new oil pipelines, with significant agreements already in place for a West Coast pipeline aimed at Asian markets. The Memorandum of Understanding signed in November 2025 and the Implementation Agreement in May 2026 signal strong political support and outline ambitious timelines for construction approval. This move underscores Canada's commitment to expanding its oil export capacity, potentially reshaping its energy export strategy and economic ties with Asia. The initiatives could also spark renewed environmental debates and opposition from groups concerned about the impact on local ecosystems and climate goals.