The provincial governments of Ontario and Alberta on July 6 unveiled a new oil pipeline project — the Northern Shield Energy Corridor — that would send 500,000 barrels per day from Hardisty, Alberta, to Sarnia, Ontario, where three Canadian refineries are located. The statement comes days after Canada announced a flurry of deals on July 2 related to the construction of the proposed 1 million barrel per day West Coast Oil Pipeline that would send oil from Alberta to Canada's Pacific coastline.

Under the West Coast Oil Pipeline deals announced the week of June 29, Canada's state-owned Trans Mountain Corp., which operates a different pipeline system connecting Alberta to the Pacific, will build the new pipeline, though full financing of the project has not been announced. Meanwhile, Canadian and U.S. pipeline operators are also proposing new pipelines to the U.S. Gulf Coast, a destination for Canadian crude that is more financially prudent than exports to Asia and perhaps to Ontario.