Energy
Trudeau Faces Daunting Path to Sale of Canada’s $26 Billion Oil Pipeline
- Plan to give Trans Mountain stake to Indigenous groups stalled
- Oil companies object to tolls; analysts question valuation
This article is for subscribers only.
Justin Trudeau has promised one of the largest government-led asset sales in Canadian history by divesting the Trans Mountain pipeline, a huge conduit that moves crude from the province of Alberta to the west coast.
But the government faces a mounting set of challenges in unloading it — including high interest rates, a fight over costs with oil companies, and a looming election.