Ontario has awarded a feasibility study to examine a new Canadian east west pipeline and energy corridor that would move oil and gas from Alberta and Saskatchewan to refineries in southern Ontario and to potential ports on James Bay, Hudson Bay and the Great Lakes.
Premier Doug Ford said the study is part of a plan to protect Ontario and Canada by building a more competitive, resilient and self-reliant economy in the face of tariffs from the US.
The study will deliver corridor and site options and a cost analysis next year. Ontario said the work will also evaluate complementary opportunities, including Ring of Fire all-season roads, mineral export logistics, grid upgrades and a strategic petroleum reserve.
Sponsored · PTX Metals Inc.
The province said all pipelines would be within Canada and built with Canadian steel to support domestic manufacturing and supply chains.
Alberta Premier Danielle Smith said Alberta, Ontario, and Saskatchewan are advancing a shared vision of responsible development, economic freedom and common sense.
Saskatchewan Premier Scott Moe said access to domestic and international markets is critical for an export-oriented economy. He said Saskatchewan plans to aggressively grow oil and gas production and that new pipeline infrastructure would strengthen Canada’s energy security and help the country become a global energy supplier.
Ontario said it will honour its duty to consult with Indigenous communities and continue to advance economic reconciliation, including pathways to Indigenous equity participation. The province described First Nations-led economic growth as central to nation-building projects and said it will continue working with leadership and communities in Ontario, Alberta, and Saskatchewan.
The three provinces previously signed a memorandum of understanding to identify areas of collaboration on new energy and trade infrastructure for critical minerals and natural resources and to continue cooperation on nuclear energy development.
Information for this story was found via the sources mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
