00:00Canada is fast-tracking approval for a new oil pipeline to its west coast
00:04as Prime Minister Makhani seeks to reduce the country's reliance on the United States.
00:10The Pacific Link pipeline announced in July could carry up to 1 million barrels of crude oil a day
00:16and generate more than 20 billion Canadian dollars in GDP every year.
00:21I think what this has prospect to do for the region as a whole is,
00:27I wouldn't use the term boom, I would use sustained growth
00:33because we learned lessons from the past in building infrastructures.
00:36We had the mayors here and there's a reason why the mayors are here
00:39because they're thinking ahead.
00:41They're thinking about serving their citizens today but also thinking ahead.
00:45Canada currently has just one major east-west oil export pipeline
00:49which is already running at capacity.
00:52More than 90% of Canada's crude oil exports have traditionally gone to the US.
00:57leaving the country vulnerable to US trade policy and tariffs.
01:02The new pipeline could open a direct route to Asian markets
01:05as countries look to diversify energy supplies following the Iran conflict.
01:10But pipeline projects in Canada have a history of delays and opposition
01:14with environmental and indigenous groups previously challenging major developments.
01:19The new pipeline is a huge difference.
01:19The new pipeline is a huge difference.
01:19The new pipeline is a huge difference.
01:20The new pipeline is a huge difference.
01:20The new pipeline is a huge difference.
01:21The new pipeline is a huge difference.
01:21The new pipeline is a huge difference.
01:21The new pipeline is a huge difference.
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