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iPolitics By iPolitics. Published on Jun 9, 2021 11:40am
The Lead
Project Reconciliation, a Canadian Indigenous group, is seeking a full ownership stake in the Trans Mountain oil pipeline, according to the group’s new chairman.
The group is among several Indigenous organizations that formed more than two years ago to seek a stake in Canada’s only oil pipeline system that delivers crude oil from Alberta to the Pacific Coast. Until now, Project Reconciliation had sought no more than a 51 per cent stake. Now it’s seeking 75 per cent with the option to eventually own 100 per cent of the pipeline.
“We are hopeful that we can get our position across,” Robert Morin, the group’s chairman, told Bloomberg. The group has said it has funding lined up for the purchase, without revealing any financing source.
iPolitics By iPolitics. Published on Jun 9, 2021 11:40am
The Lead
Project Reconciliation, a Canadian Indigenous group, is seeking a full ownership stake in the Trans Mountain oil pipeline, according to the group’s new chairman.
The group is among several Indigenous organizations that formed more than two years ago to seek a stake in Canada’s only oil-pipeline system that delivers crude oil from Alberta to the Pacific Coast. Until now, Project Reconciliation had sought no more than a 51 per cent stake. Now it’s seeking 75 per cent, with the option to eventually own 100 per cent of the pipeline.
“We are hopeful that we can get our position across,” Robert Morin, the group’s chairman, told Bloomberg. The group has said it has funding lined up for the purchase, without revealing its financing source.