AIMCo expresses interest in buying a stake in Trans Mountain pipeline

Alberta Investment Management Corp. CEO Evan Siddall in Calgary, Alta., Wednesday, Sept. 21, 2022. The Alberta Investment Management Corporation (AIMCo) has expressed an interest in purchasing a potential stake in the Trans Mountain pipeline. THE CANADIAN PRESS/Jeff McIntosh

The Alberta Investment Management Corporation (AIMCo) has expressed an interest in purchasing a potential stake in the Trans Mountain pipeline.

AIMCo CEO Evan Siddall said Thursday in an interview with BNN Bloomberg that the Trans Mountain pipeline is the type of Canadian infrastructure asset that the investment manager would consider if it is made available.

AIMCo spokeswoman Carolyn Quick later confirmed the remarks in an email to The Canadian Press.

The Trans Mountain pipeline is Canada’s only oil export pipeline to the West Coast, and construction on its ongoing expansion project is expected to be complete in the near future.

The federal government purchased the pipeline in 2018 in order to ensure the completion of the expansion, but has indicated it does not wish to be the long-term owner of the pipeline.

AIMCo is one of Canada’s largest institutional investors, with 17 pension, endowment and government fund clients in Alberta.

This report by The Canadian Press was first published Jan. 25, 2024.

News from © The Canadian Press, 2023. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

• 0084 EMP Metals Pipeline Online
  0084 EMP Metals Pipeline Online
• 0053 Kingston Midstream Westspur Alameda Click
  0053 Kingston Midstream Westspur Alameda Click
• 0082 CsHM 2024 Pipeline
  0082 CsHM 2024 Pipeline
• 0077 Caprice Resources Stand Up For Free Speech
  0077 Caprice Resources Stand Up For Free Speech
• 0076 Latus only
  0076 Latus only
• 0061 SIMSA 2024 For Sask Buy Sask
  0061 SIMSA 2024 For Sask Buy Sask
• 0055 Smart Power Be Smart with your Power office
  0055 Smart Power Be Smart with your Power office
• 0051 JML Hiring Pumpjack assembly
  0051 JML Hiring Pumpjack assembly
• 0049 Scotsburn Dental soft guitar
  0049 Scotsburn Dental soft guitar
• 0046 City of Estevan This is Estevan
  0046 City of Estevan This is Estevan
• 0041 DEEP Since 2018 now we are going to build
  0041 DEEP Since 2018 now we are going to build
• 0032 IWS Summer hiring rock trailer music
• 0022 Grimes winter hiring
• 0021 OSY Rentals S8 Promo
• 0018 IWS Hiring Royal Summer
• 0013 Panther Drilling PO ad 03 top drive rigs
• 0011
• 0006 JK Junior
• 0002 gilliss casing services
  0002 gilliss casing services
• 9002 Pipeline Online 30 sec EBEX
  9002 Pipeline Online 30 sec EBEX
• 9001