MNI BRIEF: Lack Of Investors To Stop BC Pipeline - Eby

British Columbia Premier David Eby said Thursday that while he has no legal power to stop a crude oil pipeline from Alberta through his province the project is unlikely to get built because no private investor will fund it.

The project has “no proponent, no route, no money, no First Nations support,” Eby said after Prime Minister Mark Carney and Alberta Premier Danielle Smith signed a deal naming it a project of national interest that would move from a formal proposal to final approval by July 2027. “That is probably fatal to Premier Smith’s proposal,” Eby added.

Eby will fight to keep a tanker ban in place that in practice would make a west coast pipeline impractical. He also told reporters a previous court loss proved the federal government can push through such a project over provincial objections. (See: MNI INTERVIEW: Alberta Says BC Pipeline Must Be Fast-Tracked)