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(Bloomberg) — Enbridge Inc. said any new Canadian oil pipeline would require legislative changes, including shortened timelines for approval.
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The largest oil pipeline company in North America said new projects “require careful consideration,” but it didn’t rule out the possibility it might get involved in a future pipeline to expand oil exports from western Canada.
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“We will be there to build what is needed for our shippers, for Alberta and for Canada – that’s our job, our mission as a company – but only when the conditions make sense and the right framework is in place,” the Calgary-based company said in response to a question about whether it’s planning to propose an oil pipeline from Alberta to the British Columbia coast.
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Alberta Premier Danielle Smith said in an interview with Bloomberg News on Monday that she expects a private-sector firm to propose a new oil pipeline to the coast within weeks.
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Prime Minister Mark Carney’s government has drafted legislation to accelerate the building of infrastructure such as pipelines and electrical transmission lines. The measure, known as Bill C-5, hasn’t become law yet, but it’s close. It allows proposals that are deemed in the “national interest” to receive a quicker review for environmental and other impacts.
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Enbridge said it was “pleased to see Canadian policymakers discussing ways to make Canada an energy superpower.”
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“As one of Canada’s leading energy infrastructure companies, we will always assess projects that explore growing and diversifying markets for Canadian oil, provided there is a demand from industry and our customers,” the company said.
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