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Project Reconciliation Promises $6.9-Billion Trans Mountain Bid as Early as Next Week – The Energy Mix

by ahnationtalk on July 5, 2019106 Views

July 4, 2019

The Indigenous-led Project Reconciliation is expected to announce a C$6.9-billion bid for majority ownership of the controversial Trans Mountain pipeline as early as next week, with the group’s leadership promising a proposal that will “work for all sides”.

The group expects to offer $2.3 billion for the existing pipeline and $4.6 billion for the expansion project and come away with a 51% stake in both.

“There’s real momentum towards Indigenous ownership,” said Founder and Executive Chair Delbert Wapass. “There is a pipeline to reconciliation, and we should take it.”

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