Evan Siddall, the CEO of the Alberta pension manager, said in an interview aired Thursday that he was eyeing the nearly $31-billion project as a potential investment. The expansion of the pipeline, which the federal government bought from Kinder Morgan in 2018, is nearing completion after major delays caused its cost to balloon from a 2017 estimate of $7.4 billion. (BNN Bloomberg)
Talking point: The expanded oil conduit, which will eventually transport 890,000 barrels per day from northern Alberta to the B.C. coast, is “an example of the type of Canadian infrastructure asset that AIMCo, along with other investment managers, would consider if it were made available,” Siddall said. The investment manager also told BNN that AIMCo was not opposed to investing in China, after he had said earlier the fund would approach Chinese investments with caution. AIMCo officially opened a new Singapore hub to boost exposure to Asian assets, but has “almost nothing” invested in China, Siddall said last year.