Indigenous Canadian groups jockey for Trans Mountain Pipeline stake – JWN Energy

by ahnationtalk on June 7, 201931 Views

June 7, 2019

Canadian indigenous groups are clamouring to buy a stake in the Trans Mountain Pipeline ahead of a government decision this month to proceed with expanding the line.

Alberta-based Iron Coalition on Wednesday announced its intention to seek ownership in Trans Mountain — the only pipeline running from Alberta to the Pacific coast — when the conduit comes up for sale.

The coalition, formed with a mandate from the Assembly of Treaty Chiefs for this purpose, is following moves by a group called Project Reconciliation to purchase a 51% stake in the project.

The groups argue that the pipeline, which would increase crude exports of Canadian crude to growing markets in Asia, could bring needed revenue to their communities to support development, build wealth and increase their political clout in Canada.

Read More: https://www.jwnenergy.com/article/2019/6/indigenous-canadian-groups-jockey-trans-mountain-pipeline-stake/

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