Crucial Federal Meeting Approaches Trans Mountain Sale on the Horizon

Over the years, Trans Mountain pipeline has been a bone of contention during debates, discussions and controversy in Canada. As the country grapples with the complex issues surrounding its ownership and operation, the federal government has scheduled a crucial meeting next week to discuss the potential sale of the pipeline project.

Sources familiar with the matter have disclosed that the main agenda for the upcoming meeting with indigenous communities is the federal government planning to start sale of stake in the Trans Mountain pipeline.

The government will be meeting with around 130 indigenous groups who have already expressed interest in partial ownership stake.

According to the sources, the planned meeting comes after an issuance of a letter to indigenous communities highlighting the government intends to sell a stake in Trans Mountain to individual indigenous communities through a special-purpose vehicle.

The move allows the federal government to balance competing groups’ requests to own a piece of the project.

The Trans Mountain pipeline is a critical piece of infrastructure that spans from Alberta’s oil-rich region to the British Columbia coast. The pipeline will roughly triple the volume of Alberta crude that can be sent to the Vancouver area to 890,000 barrels a day.

Nonetheless, many British Columbia indigenous communities are opposing sale of the pipeline for fear that it will threaten their traditional lands and sully waterways and land.