The Globe and Mail reports in its Friday edition that Alberta Investment Management Corp. has its eye on the Trans Mountain pipeline as a potential investment. The Globe's Emma Graney and James Bradshaw write that AIMCo is Canada's sixth-largest pension-fund manager, including plans for public servants, teachers, municipal employees, police and academics in Alberta. The Crown corporation is coming out of an overhaul after it lost $2.1-billion on a trading strategy gone wrong under previous leadership when COVID-19 struck in the spring of 2020. AIMCo had been making complex derivative bets against market volatility for years, and profiting from them. The strategy failed spectacularly when markets plunged early in the pandemic. The cost of the pipeline expansion, meanwhile, has ballooned to a projected $30.9-billion, from a 2017 estimate of $7.4-billion. AIMCo head Evan Siddall told BNN on Thursday that the fund manager has an active file on Trans Mountain. The current Alberta government is a vocal cheerleader for the oil and gas sector, and under former premier Jason Kenney, the United Conservative Party made a $1.3-billion bet on the Keystone XL pipeline in 2020 with TC Energy. That ended in disaster for Alberta.