New coalition of indigenous groups includes B.C. First Nations
When the Trudeau government decided to buy the Trans Mountain pipeline from Kinder Morgan (NYSE:KMI) for $4.5 billion and assume responsibility for completing its expansion, the plan was to sell it after it was twinned, and the Trudeau government indicated it would consider proposals from First Nations groups that wanted to buy it.
There are now at least three such groups, although their ownership models may differ.
The latest to signal its hope to own at least a stake in the expanded Trans Mountain pipeline is Nesika Services, a consortium of First Nations in Alberta — notably the Alexis Nakota Sioux — and B.C. The two other proponent groups are Project Reconciliation and Western Indigenous Pipeline Group (WIPG).
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