Alberta's new pipeline deal could allow Canadian oil to reach new countries. But will they want it?
The Alberta government is pushing for a multi-billion dollar pipeline project to export oil to Asia, despite concerns over economic viability and lack of private sector interest. Critics argue the project is driven by political motives regarding national unity rather than market demand.
Why it matters
It highlights the tension between government-led energy infrastructure projects and the global shift toward renewable energy and electric vehicles.
The Alberta government's proposal estimates the pipeline would cost $35.2 to $43.7 billion, with the federal and Alberta governments remaining majority owners in the project. That's despite an earlier promise from Prime Minister Mark Carney — enshrined in his government's memorandum of understanding with Alberta — that the pipeline would be privately financed.
The article relies heavily on quotes from an environmental think-tank and emphasizes the lack of private investment and the global transition away from fossil fuels.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in