The article critiques Canada's government-led pipeline projects that lack private sector backing, highlighting economic risks and market uncertainties.Two major pipelines proposed by Alberta Premier Danielle Smith and Prime Minister Justin Trudeau face no private investment despite their high costs.

The author argues that regulatory changes and streamlined approvals have not addressed the core issue of declining oil demand and competition from existing infrastructure like Enbridge and Trans Mountain expansions.

Private companies avoid these projects due to uncertain future oil prices, projected surpluses by 2027, and cheaper alternatives for transporting Canadian crude.

The piece warns against government subsidies for unviable projects, emphasizing that market-driven solutions would better meet Alberta's export needs without taxpayer-funded risks.

It also criticizes politically motivated energy expansion as economically unsound, citing historical patterns of overinvestment and economic downturns in the sector.