QuickQuotes: Reaction to the Pacific Link pipeline project
OTTAWA — Prime Minister Mark Carney announced Thursday that the Pacific Link pipeline project is the first to be designated a project in the national interest under the Building Canada Act.
The designation allows the federal government to streamline the rules and timelines for project approvals, with a goal of completing the required consultation, environmental assessments, financing and Indigenous partnerships by next September.
Here is what’s being said in response:
“We have to do this because the world’s facing an energy crisis on three dimensions. There’s an immediate challenge of affordability, and in some countries, the very availability of hydrocarbons. There’s a structural challenge of energy security and the existential challenge of climate change. And these challenges are forcing countries to think differently about where their energy comes from and who they can rely on to supply it. Global oil demand is around 100 million barrels a day … Global oil supply is often now impacted by conflicts, and it’s becoming more volatile, and while the precise path ahead is always uncertain, oil demand will continue to be significant for decades to come.”
