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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 TkB次元官网网址檈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.

B次元官网网址淲eB次元官网网址檝e had some preliminary discussions with the federal government,B次元官网网址 Gottfriedson said. B次元官网网址淲eB次元官网网址檙e anxiously waiting for the June 18 decision to come down so we can continue to move forward.B次元官网网址

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

B次元官网网址淲e are offering all Indigenous groups in Western Canada B次元官网网址 more than 300 in B.C., Alberta and Saskatchewan B次元官网网址 to sign up as majority shareholders for a 51 per cent stake in the Trans Mountain pipeline,B次元官网网址 Gottfriedson said. B次元官网网址淎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.B次元官网网址

vows to put 80 per cent of its pipeline profits into a B次元官网网址渟overeign wealth fundB次元官网网址 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.B次元官网网址檚 northeast and communities in Saskatchewan.



tfletcher@blackpress.ca

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