Federal talks progressing with Indigenous groups toward eventual Trans Mountain pipeline sale – CBC

Feb 19, 2021

Recent meeting included 75 Indigenous communities from Alberta and B.C.

Federal Department of Finance officials are taking the next step to prepare for a potential sale of the Trans Mountain pipeline to Indigenous groups, including bringing in consultants to advance talks and provide financial analysis of the project.

The process began almost two years ago when then-finance minister Bill Morneau announced the federal government was launching consultations with Indigenous communities about a possible equity stake in the oil export pipeline.

After preliminary discussions, the Department of Finance concluded that a form of revenue-sharing or a purchase of an equity stake in the pipeline would be Indigenous communities’ “preferred” options for participating in the project, depending on the details.

Read More: https://www.cbc.ca/news/business/bakx-tmx-pipeline-negotiations-1.5918712