Trudeau’s $26 Billion Pipeline Sale Gets Bogged Down by Politics

Justin Trudeau has promised one of the largest government-led asset sales in Canadian history by divesting the Trans Mountain pipeline, a huge conduit that moves crude from the province of Alberta to the west coast.

But the government faces a mounting set of challenges in unloading it — including high interest rates, a fight over costs with oil companies, and a looming election.

The Canadian prime minister has pledged to use the pipeline to generate wealth for Canada’s Indigenous people, and the government plans to essentially gift a stake in it to more than 100 groups. It’s a complex ...