Follow Us! Like Our Page!

Q&A: How buying a pipeline could change the Indigenous business landscape – CBC

‘5 years ago, people would have thought it was crazy,’ says Ken Coates

Jan 16, 2019

A group of First Nations have plans to become the new owners of the Trans Mountain pipeline and its controversial expansion plan. Leaders are gathering in Calgary this week to work out the details of how they would buy it from the federal government.

The idea that Indigenous leaders are considering purchasing the multi-billion dollar project is extraordinary, according to Ken Coates, a University of Saskatchewan professor and the Macdonald-Laurier Institute’s senior fellow in Aboriginal and Northern Canadian issues.

The price tag would be steep, since the federal government bought the existing pipeline and related infrastructure for $4.5 billion last summer and constructing the expansion pipeline could cost more than $7 billion.

Read More: https://www.cbc.ca/news/business/tmx-irc-oilsands-oilpatch-1.4978876

NationTalk Partners & Sponsors Learn More