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Alberta Premier Turns to Federal Pipeline | Canada News
Description
Alberta’s premier Danielle Smith is getting exactly what she wanted — a federal-backed oil pipeline — after private companies backed out, forcing the government to step in with a $40 billion taxpayer-funded project. The pipeline, following an existing route to the coast, aims to speed up Asian exports, while also appeasing British Columbia with a $20 billion deal to win over Premier David Eby. Critics question the business sense, especially with global oil demand uncertain and oilsands companies wary of heavy investment. The move could ease tensions and curb separatist sentiment in Alberta, while also showcasing the oil industry’s rising political clout — and Ontario’s premier is already eyeing a similar taxpayer-funded pipeline deal.
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