Local Indigenous Groups Plan To Partner To Buy Equity In The Trans Mountain Pipeline

Latest Fort McMurray News, find out what's happening in Fort Mac

Local Indigenous Groups Plan To Partner To Buy Equity In The Trans Mountain Pipeline

Local First Nation and Mtis groups are planning on buying an equity stake together in the Trans Mountain pipeline.

The Indigenous leadership of the Regional Municipality of Wood Buffalo announced on Tuesday their intentions of joining the project. This comes on the heels of the federal government purchasing the project from Kinder Morgan for $4.5 billion.

Factors for the decision came from Prime Minister Justin Trudeau’s visit to Fort McMurray back in April where he devoted time to speaking with Indigenous leaders. Ministers Ralph Goodale and Amarjeet Sohi also had discussions with the group during their trip on Wednesday.

“Making sure that our environment is protected is only possible if we have a seat at the table," said Chief Archie Waquan of the Mikisew Cree First Nation, in a release. “By becoming owners, we can protect our communities, secure their futures, but also allow all Canadians to benefit.”

The group of Indigenous communities has sent a formal request to finance minister Bill Morneau and Premier Rachel Notley so discussions can begin to start the process of buying the equity.

McKay Mtis President Ron Quintal says being on the project can be beneficial for the learning, the economy, and the environment.

“By working together, and stepping up to help lead this project, we can chart a new path forward on how Canada deals with Indigenous communities when it comes to responsible energy development – that way we can be sure to balance the need for economic growth, with protecting our environment."

Athabasca Chipewyan First Nation Chief Allan Adam echoed the same message pointing out that future decisions would go through.
Fort McMurray News
Posts: 18119
Joined: Wed May 04, 2011 2:30 am
Location: Fort McMurray, Alberta, Canada

Sponsored links

Advertise in Fort McMurray
Location: Alberta, Canada

Return to Fort McMurray News


  • Related topics
    Last post

Who is online

Users browsing this forum: Bing [Bot], Majestic-12 [Bot] and 10 guests