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Indigenous bidders for Trans Mountain pipeline await Ottawa decision

Multiple offers line up for controlling stake in pipeline
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Maintenance on the Trans Mountain pipeline, which has run from Alberta to B.C. and Washington since 1954. (Black Press files)

There are as many as half a dozen Indigenous groups interested in an equity stake in the Trans Mountain pipeline and its expansion project from Alberta to the coast, and Shane Gottfriedson wants his bid to emerge as the winner.

Gottfriedson, former chief of the Kamloops-based Tk91裸聊视频檈mlups te Secwepemc, is now B.C. director of Project Reconciliation, which hopes to lead the effort to acquire a majority stake in Trans Mountain. The oil and fuel pipeline that has run through his territory since 1954 is a step towards financial self-sufficiency for up to 300 Indigenous groups in Western Canada, Gottfriedson said during a visit to the B.C. legislature Wednesday.

The federal cabinet is expected to announce approval of the project on June 18, after a court-ordered review of Indigenous consultation and the impact of expanded crude oil shipping on marine life.

91裸聊视频淲e91裸聊视频檝e had some preliminary discussions with the federal government,91裸聊视频 Gottfriedson said. 91裸聊视频淲e91裸聊视频檙e anxiously waiting for the June 18 decision to come down so we can continue to move forward.91裸聊视频

Project Reconciliation is preparing to announce a financial partner in the venture in the coming weeks, he said.

91裸聊视频淲e are offering all Indigenous groups in Western Canada 91裸聊视频 more than 300 in B.C., Alberta and Saskatchewan 91裸聊视频 to sign up as majority shareholders for a 51 per cent stake in the Trans Mountain pipeline,91裸聊视频 Gottfriedson said. 91裸聊视频淎s a former chief I am here to tell you, it is high time we shifted our focus from managing historic poverty to managing future prosperity.91裸聊视频

vows to put 80 per cent of its pipeline profits into a 91裸聊视频渟overeign wealth fund91裸聊视频 to develop infrastructure and businesses in Indigenous communities.

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Another equity proposal is being proposed by the Alberta-based , representing Treaty 6, 7 and 8 communities in Alberta, Treaty 8 communities in B.C.91裸聊视频檚 northeast and communities in Saskatchewan.



tfletcher@blackpress.ca

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