Ottawa, Alberta moving towards pipeline deal despite B.C.’s disapproval: sources

Key Concepts:

• Northern Gateway Pipeline
• Federal Government Negotiations
• Alberta Oil
• British Columbia Coast
• Northern Tanker Ban
• Private Backer
• Local Projects

Deal Close for Alberta Oil Pipeline to BC Coast

CTV News has learned that a deal is reportedly close at hand between the federal government and stakeholders regarding a proposed pipeline project. This pipeline is intended to transport Alberta oil to the coast of British Columbia.

Federal Government Negotiations and Lack of Private Backer

While Ottawa is reportedly engaged in negotiations with Alberta concerning this pipeline, there is currently no identified private backer for the project. This suggests that the federal government may be playing a significant role in facilitating or potentially funding the pipeline's development.

British Columbia's Concerns and Potential Impact on Local Projects

British Columbia has issued a warning that lifting the northern tanker ban for this new pipeline could have significant negative repercussions. Specifically, BC authorities state that such a move could derail billions of dollars worth of local projects. This indicates a strong opposition from the province, likely due to environmental concerns or economic impacts on existing or planned initiatives. The specific nature and value of these "billions of dollars worth of local projects" are not detailed in this excerpt, but the statement highlights a substantial economic risk perceived by British Columbia.