Ottawa has talked about selling a stake in the pipeline to Indigenous groups since 2019, but some First Nations have dropped out of discussions they see as stalled
Indigenous ownership of the Trans Mountain pipeline system is still on the table, with federal officials holding in-person talks with prospective ownership groups as recently as February, according to people involved in the discussions.
“There’s never been a concrete proposal put in front of the Indigenous communities by the government that owns the asset. And that’s obviously a necessary first step.” Because of existing contractual agreements with oil shippers, only 20 per cent to 25 per cent of the rising capital costs of the project can be passed on to oil companies in the form of increased tolls. .
In its recent update, Trans Mountain said the project is 80-per-cent complete and expected to be in service in the first quarter of 2024.
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