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Western Canadian First Nations groups making progress in bid to purchase TMX – Global News

May 21, 2019

Indigenous groups from across western Canada say they are nearly ready to put forward an offer to buy the Trans Mountain pipeline expansion project.

The multi-billion-dollar project is currently awaiting federal approval, but as Ottawa finishes its final round a consultations, at least two coalitions, representing bands from across BC, Alberta and Saskatchewan, have been raising capital and organizing a potential bid.

“Invitations have gone out to all Indigenous communities — over 300 in British Columbia, Alberta and Saskatchewan,” said Harrie Vredenberg, a board member with Project Reconciliation, a company that has set up shop in downtown Calgary in order to help negotiate and facilitate a 51 per cent equity stake purchase of the Trans Mountain pipeline expansion project.

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