The Financial Post reports in its Tuesday, Oct. 7, edition that as political battle lines form around Premier Danielle Smith s push for a new West Coast crude pipeline, necessary private capital remains on the sidelines. The Post's Meghan Potkins writes that Ms. Smith's ambitious plan to get an oil pipeline onto Ottawa's short-list of major projects may have the blessing of oil-patch heavyweights Enbridge and South Bow, but so far none of their capital -- and that should come as no surprise, says ARC Financial director Jackie Forrest. He says: "I think there's a lot of people that want to make this work, but they can't take something like this to their shareholders and start putting tens of millions of dollars into a project when the barriers are so large. It's very risky capital to be putting forward." Alberta's government is investing $14-million in taxpayer money to secure approval for the new pipeline. Advisers on the project emphasize that they have no financial stake, cautious of reminding investors of past losses from Northern Gateway, Energy East and Keystone XL. S&P Global Commodity Insights analyst Kevin Birn says the project approval process in Canada creates uncertainty that risks private capital.