Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeCommoditiesEnergyOil & GasAlberta talking with Fortune 500 firm to finance oil pipelineAlberta plans to propose a general route for the pipeline by July 1Author of the article:Last updated 1 hour ago You can save this article by registering for free here. Or sign-in if you have an account.Alberta’s Minister of Energy and Minerals Brian Jean is recognized in the House of Commons on Parliament Hill in Ottawa on April 29, 2026. Photo by Blair Gable/PostmediaAlberta has held talks with a Fortune 500 company to finance a proposed oil pipeline capable of carrying 1 million barrels of oil a day to Canada’s west coast, the province’s energy minister said.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an Accountor“We’ve had one particular discussion with a proponent, actually a Fortune 500 company, in very general terms about financing the entire project and building the entire project,” Brian Jean said Wednesday at the Global Energy Show Canada conference in Calgary.The Alberta government plans to propose a general route for the pipeline by July 1 and it prefers a northwestern path rather than south toward Vancouver.As part of a recent agreement with Alberta, Prime Minister Mark Carney pledged that by Oct. 1, the government would pursue designating the pipeline as “a project of national interest.” The goal is to allow construction to begin as soon as September next year.On Tuesday, Cenovus Energy Ltd. chief executive Jon McKenzie said the regulatory regime makes the pipeline ‘unfinanceable’ for the private sector right now.Jean said he would “agree with him to some degree” that there are significant policy barriers. But by working together with the federal and B.C. governments and Indigenous communities “and we make sure that we remove the things that need to be removed” then “we can get it done quickly.”If the pipeline were to be built on a route that ends in northwestern British Columbia, Canada would need to change some existing rules. For example, oil tankers are currently banned along the northern B.C. coast.“We have had a number of proponents come forward and asked to be participants within the pipeline and asked to be investors in the pipeline and want to have offtake on the pipeline,” Jean said. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.