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Alberta’s premier says conflict in Iran underscores need for new Canadian pipeline

Premier Danielle Smith seeks $20–30 billion in foreign capital to fund Alberta's Pacific pipeline amid shipping risks from Iran conflict, citing a $9.4 billion provincial deficit.

  • On March 2, 2026, Alberta Premier Danielle Smith said the war in Iran underscores the need for a new pipeline to the West Coast and that international backers could help finance it.
  • With provincial finances strained, Alberta seeks foreign investment for a Pacific Coast oil pipeline as U.S.-Israeli strikes on Iran have pushed oil prices higher.
  • State-Owned and global firms like China National Offshore Oil Corp. and LNG Canada partners could join syndicated lending consortia, while outside players may ramp up Alberta oilsands producers to fill a new pipeline, Smith said.
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Alberta's premier says conflict in Iran underscores need for new Canadian pipeline

Alberta Premier Danielle Smith says the war in Iran underscores the need for a new pipeline connecting her province's oil reserves to the West Coast.

·Kelowna, Canada
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Edmonton Journal broke the news in Edmonton, Canada on Monday, March 2, 2026.
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