Alberta has granted its oil and gas agency permission to borrow nearly $1 billion to support market investments, potentially attracting private investment for a pipeline to the B.C. coast. This line of credit, tied to the Bitumen Royalty-In-Kind (BRIK) program, aims to enhance hydrocarbon marketing activities, although the province insists it is not directly linked to any pipeline projects. Experts suggest that the borrowing authority could mitigate financial risks for private investors, while others argue it focuses more on developing marketing capacity. The BRIK program allows Alberta to collect royalties in barrels, promoting direct sales to refineries, especially in Asia.
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