Canada is amending regulations on how it manages the state-owned Trans Mountain oil pipeline in order to facilitate its sale to Indigenous groups, according ...
- Canada is amending regulations on how it manages the state-owned Trans Mountain oil pipeline in order to facilitate its sale to Indigenous groups, according to an official government notice published on Wednesday.
The C$34 billion project, which cost more than four times its original budget, was bought by the Liberal government in 2018 to ensure construction went ahead.Ottawa plans to sell the pipeline now that it is complete and wants to enable Indigenous communities along the route to buy a stake. Those subsidiaries could be used to market spot pipeline capacity, broaden insurance coverage and incorporate a special purpose acquisition vehicle that would allow individual Indigenous communities to buy into the pipeline.
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Canada Trans Mountain Oil Pipeline Government Notice Indigenous Groups TMEP Indigenous Communities
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