Minister of Finance Bill Morneau speaks at a Economic Club breakfast in Calgary, Monday, Feb. 10, 2020. THE CANADIAN PRESS/Todd Korol

VIDEO: Ottawa launches consultations on Indigenous ownership of Trans Mountain pipeline

Up to 129 communities will be consulted over the next weeks

The federal government is launching a new set of consultations with Indigenous groups that will determine if and how they might take part in ownership of the Trans Mountain pipeline and its expansion project, Finance Minister Bill Morneau announced Monday.

Up to 129 communities will be consulted over the next weeks to ensure they have a chance for “meaningful economic participation” in the Ottawa-owned pipeline, the minister said at an event in Calgary.

“This next step will be focused on different models of economic participation such as equity-based or revenue-sharing options and will seek to build momentum towards a widely acceptable option for the groups that we’re consulting with,” he said.

“We’ll also explore whether the participating communities are willing to work together, either through an existing entity or a new one.”

Several Indigenous groups have expressed interest in buying a stake in the pipeline but the government hasn’t said when it plans to sell it.

As long as Trans Mountain is operated as a commercial enterprise, the industry will be supportive of its sale, said Chris Bloomer, CEO of the Canadian Energy Pipeline Association, after listening to the speech.

“Anything that facilitates participation meaningfully with First Nations in these projects is a welcome thing. Having a deliberate approach to it, I think, is good,” he said.

In his speech, Morneau said he sympathizes with Albertans who have lost jobs because of an economy hit by a capital investment slide and discount prices for oil and gas as export capacity fails to keep up with gains in production.

The novel coronavirus is also having a negative impact on Canada’s economy, he said, pointing out oil prices are down by about 15 per cent because of the spread of the illness, a result that hits the West harder than the rest of the country.

A Federal Court of Appeal ruling last week that set aside a challenge of the Trans Mountain expansion project by four B.C. First Nations is important for the western Canadian economy, he said.

The court found that the government had met its duty to consult, thus clearing one of the last major hurdles for construction to continue on the conduit from the Alberta oilsands and refining hub in Edmonton to the B.C. coast.

READ MORE: ‘People are starting to wake up’: Pipeline protesters expect long-term change

The federal government will earn a return on its investment when it sells Trans Mountain, Morneau added, despite the release last week of a new construction cost estimate for its expansion of $12.6 billion, an increase of 70 per cent over the previous forecast of $7.4 billion.

“We believe this new estimate is realistic and we remain confident that when it’s the appropriate time to sell, we will see a profit on this investment,” Morneau said.

The government expects to earn $500 million a year in taxes from Trans Mountain after the expansion begins operating, he added.

READ MORE: Trans Mountain pipeline expansion cost jumps 70% to $12.6 billion

Dan Healing, The Canadian Press


Like us on Facebook and follow us on Twitter.

Trans Mountain pipeline

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Environment Canada has issued a snow warning for the Kootenays on Friday. File photo
Environment Canada issues snow warning for Friday

Two-to-10 centimetres is expected to fall

Brody Peterson told The Gazette he intends to dispute tickets issued by Grand Forks RCMP at his backyard “house warming” Saturday, Oct. 10. Photo: Laurie Tritschler
Homeowner intends to dispute COVID tickets after backyard party near Grand Forks

Brody Peterson said bands that played at his home shut down before the 11 o’clock cut off

Dave Bachmier said he was “devastated” to find his departed wife’s bench upturned and broken in the wake of road maintenance outside his rural property. Photo: Laurie Tritschler
YRB apologizes after sub-contractor breaks memorial bench on Danshin Village Rd.

Bench was a favourite spot of property-owner’s departed wife

From the left, Retired Fire Chief Dale Heriot (formerly of Grand Forks Fire/Rescue) and Fire Chief Walt Osellame (Midway Fire/Rescue) were given the FCAB’s Meritorious Achievement Award Monday, Oct. 19. File photo
Boundary Fire Chiefs given top honour for fire service

Fire Chiefs Heriot and Osellame were recognized by the Fire Chiefs Association of B.C. Monday, Oct. 19

Join the discussion with Boundary Similkameen candidates. (Photo submitted)
Boundary Similkameen candidates to debate health care tonight

Everyone is welcome to join the online event

Provincial health officer Dr. Bonnie Henry presents modelling of COVID-19 spread in B.C., March 25, 2020. (B.C. government photo)
B.C. sets another COVID-19 record with 203 new cases

up to 1,766 active cases in B.C., two more deaths

RCMP. (Phil McLachlan - Black Press Media)
British Columbia man dies during ski trip near glacier west of Calgary

Kananaskis Public Safety and Alpine Helicopters responded around 2:30 p.m.

Prime Minister Justin Trudeau arrives on Parliament Hill in Ottawa on Monday, Oct. 19, 2020, following a week-long break for the House of Commons. THE CANADIAN PRESS/Sean Kilpatrick
One crisis after another for Trudeau since last federal election one year ago

It has been a year of unprecedented calamity and crisis

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Rio Tinto Alcan’s aluminum smelter at Kitimat competes against producers in the Middle East and Russia that have no carbon tax. (Rio Tinto)
B.C. carbon tax highest in Canada, export industries unprotected

B.C. NDP, B.C. Liberals say they’re looking at exemptions

(Pixabay)
Vancouver teacher suspended after swearing, touching students and complimenting underwear

McCabe touched students, including rubbing their backs and necks, touching their hair and hugging them

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Jack Vellutini, 100, is still making sweet music. Photo: Submitted
Music stirs memories as Trail serenader nears 101st birthday

Jack Vellutini gave his brass instruments to Trail up-and-comers so the legacy of music can live on

Most Read