Alberta separatists may unsettle billions in investment

Separatist organizers in Alberta are collecting nearly 178,000 signatures to try to trigger a referendum that could occur this fall, and officials say that the resulting political uncertainty may affect large private investments, including a proposed pipeline requiring tens of billions in capital.

Separatist groups in Alberta are collecting nearly 178,000 signatures to trigger a referendum on leaving Canada, a campaign that organizers say could lead to a vote this fall. At the same time, the provincial government is seeking private-sector financing for an oil pipeline to British Columbia that would require tens of billions of dollars. Former premier Jason Kenney and some economists point to Quebec’s past separatist episodes as an example of how political uncertainty can prompt businesses and financial activity to relocate. Provincial officials and some business voices say the economy is still adding jobs and that major new projects are underway. Key developments: - Organizers are working to gather about 178,000 signatures to trigger a referendum on Alberta independence. - The Alberta government is pursuing private financing for a west-coast oil pipeline expected to need tens of billions in capital. - Former premier Jason Kenney warned that the threat of separation can deter large-scale investment, citing Quebec’s separatist history. - Some economists and business leaders report that companies are taking a wait-and-see approach, while government officials note recent job gains and new construction projects. - An Angus Reid poll found 29% of Albertans would vote to leave and 65% would vote to stay. Summary: Officials say the signature drive could lead to a referendum this fall, and several analysts warn that prolonged debate or the prospect of separation may make private investors more cautious about committing capital to major projects such as the planned pipeline. Undetermined at this time.