Prime Minister Mark Carney and Alberta Premier Danielle Smith have jointly agreed on a path forward for a new bitumen pipeline to the B.C. coast — a hugely significant development that the federal government is framing as a chance to further develop Alberta's energy sector, diversify Canada's economy and lessen dependence on the U.S.

The two leaders are signing a memorandum of understanding that lays out how Ottawa will facilitate the construction of a pipeline that will carry a million barrels of oil a day from Alberta's oil patch to an export terminal on the Pacific coast, where that product will be shipped mostly to Asian markets.

LIVE Alberta to sign agreement with Carney government paving the way for oil pipeline through B.C.

The agreement stresses that this pipeline will be priv

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