CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.96% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

British Columbia First Nation files court challenge over Pacific Link oil pipeline consultations

By Reuters News

By Amanda Stephenson

CALGARY, Nov 2 (Reuters) - A First Nation in British Columbia has filed a court challenge against the Canadian government's decision to fast-track the review process for a new proposed crude oil pipeline to Canada's west coast.

  • Cheam First Nation asked Canada's Federal Court on Friday to set aside the designation of the Pacific Link pipeline as being in the national interest, which Prime Minister Mark Carney announced on October 1.

  • The designation enables the proposed pipeline to proceed through a faster, single federal regulatory review process.

  • Cheam First Nation alleges the government did not give it sufficient information about the project to assess the impact on its rights before Ottawa decided to fast-track it. Cheam also alleges that consultations with the First Nation about the project were constitutionally inadequate.

  • Carney said in October the federal government aims to complete the regulatory process for the pipeline by September 1, 2027.

  • The proposed 1 million barrel-per-day Pacific Link pipeline is a crucial part of Carney's effort to diversify the ​economy, which is under pressure from US President Donald Trump's tariffs.

  • Government-owned Trans Mountain Corp would build the pipeline in coordination with Pembina Pipeline ​Corp PPL.TO.

  • Carney has said ​there will be "extensive" consultations with Indigenous groups on the proposal, and that Indigenous communities along the pipeline route will be offered a minimum 10% equity stake in the project.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.