Key facts
- Strathcona Resources proposes exporting up to 250,000 bpd of crude to Asia.
- The plan involves rail shipments to a new terminal in Prince Rupert, British Columbia.
- Exports could begin within two years if an exception to the oil tanker ban is granted.
- The Oil Tanker Moratorium Act prohibits tankers over 12,500 metric tons on the northern coast.
- The proposal would increase Canada's BC coast crude exports by nearly 50%.
Canadian oil producer Strathcona Resources is proposing a new export route for up to 250,000 barrels per day of crude oil to Asian markets, utilizing rail shipments and a new marine terminal in Prince Rupert, British Columbia. The plan hinges on obtaining an exception to Canada's federal Oil Tanker Moratorium Act, which prohibits large crude tankers from operating along the northern coast. Strathcona Chairman Adam Waterous indicated the company plans to approach Prime Minister Mark Carney's government with the proposal, suggesting exports could commence within two years. This initiative aims to diversify Canada's oil export destinations beyond the current 90% reliance on the United States and offers a potentially faster alternative to proposed pipeline projects. However, the proposal faces significant political and environmental opposition, including from British Columbia Premier David Eby and environmental groups.