More than 100 First Nations could purchase the Trans Mountain expansion pipeline – CBC

4 ownership models are under consideration to boost bitumen shipments for export

Jan 15, 2019

Dozens of First Nations leaders are meeting this week to discuss a plan that could make them the next owners of the controversial Trans Mountain pipeline.

Indigenous leaders will debate Wednesday which financial model is ideal if they are able to purchase the pipeline project, which would boost the amount of oilsands bitumen shipped from Alberta to the B.C. coast.

After a private “high level” meeting with the federal government was held in Calgary last month, the Indian Resources Council of Canada (IRCC) is optimistic it will be able to present a proposal to Ottawa to acquire the pipeline project in the coming months. The IRCC represents 134 First Nations that have oil and gas resources on their land.

Read More: https://www.cbc.ca/news/business/tmx-irc-indigenous-1.4975243