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Ledger record YTD26-039

July 2, 2026

Canada and Alberta advanced a proposed one-million-barrel-per-day oil pipeline to B.C.'s south coast, with a possible Indigenous equity component.

The proposal became a national political and major-project file before it had a final route, proponent, financing, permits, or consent. A possible 10-per-cent Indigenous interest is an ambition, not ownership.

Disclosed

$100 billion

government estimate of trade capacity enabled, not project cost or Indigenous equity

Where it stands

Early proposal referred to the Major Projects Office. No final route, designated proponent, Indigenous partner group, regulatory application, financing, or ownership agreement.

What would move it next

Potential national-interest decision by October 1, 2026, route and proponent disclosure, and any regulatory filing. Alberta proposed a September 1, 2027 construction start, subject to major unresolved steps.

The other view

Supporters frame the project as export diversification, sovereignty, and a chance for equity. Tsawwassen and First Nations leadership emphasized lack of prior consultation, rights, climate effects, marine risk, and the difference between an equity offer and consent.

Unresolved

  • Who is the legal and financial proponent?
  • Which Nations would consent, oppose, or seek ownership, and on what route?
  • What economics support the project after construction, marine, climate, and legal risk?