Canadian Prime Minister Mark Carney announced on Thursday that the "Pacific Connect" crude oil export pipeline project will be fast-tracked for approval and designated a national interest project to streamline the federal regulatory review process. The project, estimated to cost CAD 35.2 billion to CAD 43.7 billion (approximately USD 24.7 billion to USD 30.7 billion), aims to diversify Canada's economy away from its reliance on the United States and mitigate the impact of US tariffs. With a designed daily throughput capacity of 1 million barrels, the pipeline is projected to contribute over CAD 20 billion (approximately USD 14 billion) annually to Canada's GDP growth and CAD 100 billion (approximately USD 70 billion) in government revenue by 2060, while creating 140,000 jobs. The Canadian government aims to complete the approval process by September 1, 2027.