Ottawa opens up 15% Trans Mountain equity stake to Indigenous groups on pipeline path

By Brett Bundale The Canadian government is offering Indigenous groups a collective 15 per cent ownership stake in the Trans Mountain pipeline through a low-cost loan. In a letter to a First Nation along the pipeline’s path and seen by The Canadian Press, a federal Department of Finance official says the equity investment would be equally distributed among participating groups. It says details of the federal government’s offer would be shared during a series of in-person meetings in Vancouver, Victoria, Kamloops and Edmonton planned for late October. The official says the government will provide the affected Indigenous communities with up to $100,000 to support such expenses as travel, office space rental and equipment through March 2028. Ottawa bought the existing Trans Mountain pipeline, its expansion project and related assets for…

This content is for Yearly Subscription, Yearly Subscription – Corporate, Print Subscription Only, Canada Print and Online, and USA Print and Online members only.
Register
Already a member? Log in here

Add Your Voice

Is there more to this story? We'd like to hear from you about this or any other stories you think we should know about. Contribute your voice on our contribute page.