Pacific Link’s $44-billion promise meets the investor test

$44 billion is the proposed price tag for Pacific Link, the West Coast oil pipeline Ottawa has designated a project of national interest. The designation is a major milestone, not a shovel in the ground; the project still has to turn political momentum into financing and partnerships.

Money Moves

• Ownership is part of the pitch: Canada and Alberta would own the line equally, while Indigenous communities would be offered at least a 10% stake. -...