Imagine First Nations across Western Canada being able to buy the lion’s share of the Trans Mountain pipeline from the federal government.
Now, imagine it builds greater acceptance for the project.
Finally, imagine the ownership generates $250 million a year for First Nations and Metis communities, with some of that money used to create a sovereign wealth fund capable of buying additional infrastructure assets.
During a presentation at the Calgary Petroleum Club on Thursday, leaders of Project Reconciliation laid out an ambitious plan to acquire Trans Mountain.
The discussion came less than 48 hours after the Trudeau government re-approved the pipeline’s expansion, while confirming Ottawa would consider selling up to 100 per cent of the development to Indigenous-led groups.
“It’s time. If not now, when?” Project Reconciliation chairman Delbert Wapass, former chief of the Thunderchild First Nation in Saskatchewan, said at the Petroleum Joint Venture Association event.
At least three separate groups have formed that want to buy a piece of Trans Mountain.
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