Strathcona Resources Proposes Oil Terminal in Prince Rupert

Strathcona Resources Ltd. is proposing the construction of an oil export terminal in Prince Rupert, British Columbia, designed to ship up to 250,000 barrels of crude oil per day to Asian markets. The plan involves transporting oil from Alberta by rail to the coast, providing a faster alternative to the state-owned Trans Mountain Corp. pipeline, which is not expected to be operational until the early to mid-2030s.

Chairman Adam Waterous intends to petition Prime Minister Mark Carney's government for an exemption to the federal tanker ban established in 2019. Waterous claims the project could begin operations in under two years, reducing Canada's reliance on the United States, which currently receives 90 percent of Canadian oil exports following trade tensions and tariffs from the Trump administration.

The proposal faces opposition from environmental groups, B.C. Premier David Eby, and several coastal Indigenous communities. Waterous has suggested that these concerns could be mitigated through partnerships with local Indigenous groups to advance the project.