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Canada PM backs new oil pipeline, $12 bn carbon capture plan
short by / on Monday, 7 July, 2025
Canada PM Mark Carney signalled federal support for a new oil pipeline to the west coast and a C$16.5 bn carbon capture project in Alberta. He said the private sector will lead, but Ottawa will "do everything" to support it. The plan aims to boost exports beyond the US, as 90% currently go there. EWC ETF is up 16% YTD.
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