In a recent letter to Indigenous groups, Finance Minister Chrystia Freeland said Ottawa would provide financial backing to First Nations and Metis communities to help them acquire stakes in the project
The federal government’s plan to sell at least part of the Trans Mountain Expansion Project to Indigenous owners has entered a new stage, with Ottawa indicating it’s prepared to provide financial backing to First Nations and Métis communities to help them acquire ownership stakes in the pipeline, and one group that had been pursuing a stake leaving the field.
Project Reconciliation managing director Stephen Mason said his group remains focused on acquiring a stake in the project, despite cost overruns that have pushed the estimated total cost to $30.9-billion. In an e-mail, Paul Poscente, who had been Nesika’s Calgary-based executive director, said Nesika, which had been pursuing a stake, was no longer active. But he did not provide any details.
A WIPG representative was not immediately available to comment. But in an e-mail, Pembina spokeswoman Jennifer Findlay said Pembina welcomes the recent federal move and remains engaged with WIPG.
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