Delbert Wapass, executive chairman of the Project Reconciliation group and former chief of Thunderchild First Nation, has formed a company called Project Reconciliation to buy a 51 per cent stake in Trans Mountain Pipeline on behalf of First Nations.A First Nations-led group that wants to buy a 51-per-cent stake in Ottawa’s Trans Mountain oil pipeline says the federal government will need to underwrite the construction risk of the $9-billion expansion project.
A former chief of the Tk’emlups First Nation in Kamloops, Mr. Gottfriedson told reporters in Victoria on Wednesday the proposal would provide annual financial benefits to participating Indigenous communities, and build a “sovereign wealth fund” that will invest in green, low-carbon infrastructure projects.
Construction has been stalled since last summer, when the Federal Court of Appeal quashed the original approval, partly on the basis that Ottawa failed to adequately consult affected First Nations. International investors want fossil-fuel companies to disclose long-term risks to their operations and value from climate change and the global effort to reduce emissions.
GlobeBC Of course he does. The Trans Mountain Pipeline is as useless an idea as Trump’s border wall.
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Court says B.C. can't restrict oil shipmentsA court has ruled that British Columbia cannot restrict oil shipments through its borders in a decision that marks a win for the Trans Mountain pipeline expansion and Alberta's efforts to get its resources to overseas markets. It is the feds' call. usurpers
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Appeal court says B.C. can't restrict oil shipmentsA court has ruled that British Columbia cannot restrict oil shipments through its borders in a decision that marks a win for the Trans Mountain pipeline expansion and Alberta's efforts to get its resources to overseas markets. Alberta and Saskatchewan should set aside their usual huff & puff and thank Ottawa. This is good news. CFRASnow Good news but strange how this happens months prior to a Federal election
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