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.
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.
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