Thursday, September 18, 2025

Latest

Alberta Partners with Enbridge to Boost US Oil Exports

Alberta Premier Danielle Smith announced a partnership with Enbridge Inc (TSE: ENB) on Monday to expand pipeline capacity to the United States. This is the province’s latest push to double oil production and increase exports.

The agreement establishes a working group between Enbridge and the Alberta Petroleum Marketing Commission to streamline regulations and explore opportunities across the company’s 29,000-kilometer network. The province plans to guarantee “significant” oil volumes to encourage pipeline expansion rather than providing direct financial investment.

“We’re quite happy to negotiate with Enbridge a significant amount of barrels,” Smith said, adding that such guarantees would demonstrate the government’s commitment to pipeline development. Alberta currently exports more than 4.3 million barrels per day of crude oil to the US.

Enbridge CEO Greg Ebel said the company is exploring several hundred thousand barrels of additional capacity, primarily through existing infrastructure. “We’re not asking for dollars and cents from the government. It’s about them utilizing the pipeline systems to get the best value for Alberta,” he said.

The announcement comes as Smith plans to spend several days each month in the US this year, beginning with Trump’s inauguration, followed by visits to Texas, Louisiana and Oklahoma. The premier cited Trump’s proposed 25% tariff on Canadian imports, noting that oil purchases could provide exemptions.

The strategy marks a shift from previous pipeline support mechanisms. In 2020, Alberta invested $1.5 billion in the now-abandoned Keystone XL project with $6 billion in loan guarantees. However, past provincial guarantees have proven problematic, including a 30-year bitumen supply contract for the Sturgeon Refinery that resulted in monthly losses of $28 million by 2021.

Enbridge’s mainline system, which runs from Alberta to the US Midwest and Eastern Canada, currently transports about 3.2 million barrels daily, up from 1.5 million a decade ago.


Information for this story was found via the sources and companies 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.

Video Articles

Why $10K Gold No Longer Sounds Crazy | Dan Wilton – First Mining Gold

The Pure Silver Set Up! | Joaquin Marias – Argenta Silver Corp

Why $30,000 Gold Isn’t Crazy! | Simon Marcotte – Northern Superior

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

If Liberals Win, Nearly 1 in 3 Albertans Are Ready To Leave Canada

A growing conversation about Alberta’s future has sparked new calls for potential separation if the...

Wednesday, April 9, 2025, 10:41:00 AM

Alberta Courts Japanese Refiners For Heavy Oil Unit

Alberta has opened early-stage talks with Japanese refiners to co-fund a coker that can run...

Tuesday, August 26, 2025, 02:56:00 PM

Alberta, Ontario Pressure Carney To Repeal C-69 and Carbon Tax Laws

Alberta and Ontario have formally asked Ottawa to scrap five cornerstone climate policy statutes, arguing...

Thursday, July 3, 2025, 02:53:00 PM

Oil Sands Production Expected to Decline by Most on Record in 2020, Rebound to Follow After Coronavirus Slump

Alberta’s oil sands have not been faring too well during the pandemic, as low oil...

Wednesday, July 29, 2020, 11:59:13 AM

Alberta Utility Capital Power Collaborates with Ontario Power Generation to Explore Nuclear Power Expansion

Capital Power Corp., an Alberta-based utility, has unveiled plans to construct the province’s first nuclear...

Monday, January 15, 2024, 05:31:00 PM