Indigenous group says Trans Mountain bid could be ready next week
CALGARY — An Indigenous-led group says it will soon be ready to make a bid for majority ownership of the controversial Trans Mountain pipeline currently owned by the federal government.
The group, called Project Reconciliation, says it will be prepared as early as next week to talk with Ottawa about its proposal for a 51 per cent stake in the pipeline.
Project Reconciliation says the bid will be underwritten by contracts with pipeline customers and not rely on taxpayers.
The group says almost 340 Indigenous communities across B.C., Alberta, and Saskatchewan could choose to share ownership of the pipeline, which is designed to ship crude oil from the oilsands to the West Coast.