Potential Trans Mountain pipeline buyer says it agrees with federal principles

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Potential Trans Mountain pipeline buyer says it agrees with federal principles
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CALGARY — A First Nations consortium planning to offer $6.8 billion for majority ownership of the Trans Mountain pipeline and its expansion is welcoming federal government principles for Indi…

CALGARY — A First Nations consortium planning to offer $6.8 billion for majority ownership of the Trans Mountain pipeline and its expansion is welcoming federal government principles for Indigenous buyers announced Monday.

“This is one hell of an opportunity for all of our First Nations to look at our own reconciliation through this pipeline and build unity among many of our nations,” added the Kamloops resident, who is a former chief of the Tk’Emlups te Secwepemc First Nation and a former B.C. regional chief for the Assembly of First Nations.

The principles unveiled by Finance Minister Bill Morneau in Calgary on Monday won’t affect Project Reconciliation’s plan to invite all Indigenous communities in Western Canada to join in a united bid for 51 per cent of the expanded pipeline, said Harrie Vredenburg, an executive board member for the group and professor at the University of Calgary’s Haskayne School of Business.

Project Reconciliation, led by executive chairman Delbert Wapass, a former chief of the Thunderchild First Nation in Saskatchewan, is well-advanced and there have been meetings with investment banks, oil companies and First Nations, said Vredenburg.

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