CP NewsAlert: Carney says Canadian oil will be competitive after Maduro ouster

By Canadian Press on January 6, 2026.

OTTAWA — Prime Minister Mark Carney says Canada is working to expand oil markets in Asia with the prospect of Venezuelan oil displacing Canadian product in the American market.

In Paris for talks on Ukraine, Carney was asked if U.S. President Donald Trump wanting to take control of Venezuela’s oil industry will heighten the need for a pipeline to B.C.’s northwest coast.

Carney says he sees Canadian oil as being “low risk” compared to Venezuelan oil, which will help it remain competitive.

More coming.

Sarah Ritchie, The Canadian Press