What is the estimated total investment required for Alberta's proposed oil pipeline project, according to Imperial Oil's CEO?

According to Imperial Oil Ltd. CEO John Whelan, the proposed million-barrel-a-day pipeline to the British Columbia coast will require Canada’s oil industry to invest 'north of a hundred billion dollars' — specifically more than C$100 billion ($72.5 billion) — to cover production growth, shipping commitments, and the federally mandated carbon capture project (Pathways).

What are the key conditions tied to federal support for the pipeline, as outlined in the news?

Federal support for the pipeline, pledged by Prime Minister Mark Carney, is conditional on Alberta implementing a higher industrial carbon tax and deploying the long-planned Pathways carbon capture project in the oil sands to reduce emissions.

Alberta Oil Pipeline Project to Cost Sector $73 Billion, Imperial Says

May 28, 2026

Imperial Oil estimates the proposed Alberta-to-coast pipeline requires over C$100 billion in industry investment, covering production growth and mandated carbon capture costs. The project aims to double provincial oil production despite facing Indigenous opposition and regulatory hurdles.

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