B.C. First Nations eye Trans Mountain pipeline equity stake – Times Colonist

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B.C. First Nations eye Trans Mountain pipeline equity stake – Times Colonist

by pmnationtalk on July 18, 201816 Views

July 17,  2018

VANCOUVER — Talks are underway with unnamed major Canadian banks on a potential financing and equity model that could see B.C. First Nations take an ownership stake in the controversial $6.8-billion Trans Mountain pipeline expansion.

Whispering Pines First Nation chief Michael LeBourdais said two major Canadian banks approached First Nations in March or April of this year. That was about the time Texas-based project owner Kinder Morgan issued an ultimatum that unless it was certain it could build the project through British Columbia, it was walking away.

Read More: http://www.timescolonist.com/business/b-c-first-nations-eye-trans-mountain-pipeline-equity-stake-1.23371570

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