Deals
Indigenous Group Set to Propose Trans Mountain Stake Purchase
- Project Reconciliation to probably submit proposal next week
- Group is among multiple indigenous organizations seeking stake
A spill-response boat deploys a boom near a refinery at the end of the Trans Mountain pipeline in Burnaby, British Columbia.
Photographer: Darryl Dyck/BloombergThis article is for subscribers only.
A Canadian indigenous organization is set to submit its bid for a stake in Trans Mountain, the oil-sands pipeline that was bought by Prime Minister Justin Trudeau‘s government amid fierce opposition to its expansion.
Project Reconciliation, headed by former Thunderchild First Nation Chief Delbert Wapass, will probably make a formal offer next week, Stephen Mason, managing director, said by phone Tuesday.