BC, Alberta Agree to Pipeline Framework

The Vancouver Sun reports that British Columbia and Alberta have agreed to a framework Tuesday that they say opens the possibility of heavy oil pipelines being built to the B.C. coast.

As quoted in the market news:

At stake are two projects — proposed by Enbridge and Kinder Morgan — totalling nearly $12 billion that would transport more than one million barrels of oil to Kitimat in northern B.C. and Burnaby in the Lower Mainland.

The projects would create thousands of construction jobs and hundreds of permanent jobs, and most importantly to Alberta and its oil producers, open up new, lucrative markets in Asia.

Click here for the full Vancouver Sun story