Danielle Smith expects foreign investment to play a role in funding a new pipeline

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Alberta Premier Danielle Smith says there’s an ongoing debate over whether Ottawa would allow foreign, state-owned companies to invest in a new oil pipeline or in boosting production to fill it. She believes they will play a role. At a time of dramatic upheaval in oil markets, when Canada is looking to expand its trading relationships with Asian countries, there appears to be renewed global interest in investing in more Canadian production and exports. Analysts say a pipeline from Alberta to the British Columbia coast — estimated to cost $20 to $30 billion — is so expensive that it may require an injection of foreign capital. But there could be backlash and controversy if Ottawa allowed foreign state-owned companies to own even a piece of a strategic Canadian asset. In the latest edition of Fuelled, Smith outlines her own preferences for foreign investment, and where she believes Chinese state-owned companies could put their money to work. We first published our interview with Premier Danielle Smith on foreign investment in our subscriber-only newsletter, FP West: Energy Insider. Sign up now to get more exclusive insights into the oilpatch delivered straight to your inbox every Wednesday morning. Trump once again puts critical Canadian industry in crosshairsWe asked three experts to weigh in on the pipeline MOU. It got a bit testy