Indigenous-led group makes pitch at B.C. Legislature for majority ownership of Trans Mountain pipeline

An Indigenous-led pro-pipeline group made itspitch in the B.C. Legislature Wednesday for a majority stake in the Trans Mountain pipeline.

The group, which calls itself Project Reconciliation, was represented byShane Gottfriedson, the former chief of the Tk'emlupsFirst Nation in Kamloops, who is the B.C. director of the group.

"It is high time that First Nations look at economic sovereignty, look at economic reconciliation," saidGottfriedson at the legislature.

The groupaims to get Indigenous groups in Western Canada defined as British Columbia, Alberta, and Saskatchewan to sign up as majority shareholders for a 51 per cent stake in the pipeline project.

"[This] is about making real change for our people, creating real jobs and creating real wealth for our peopleand real streams of revenue, stepping out of the status quo of programs and services that currently exist and looking at creating our own wealth creation through owning the Trans Mountain pipeline," Gottfriedson added.

Project Reconciliation says there are more 300 groups in the three provinces eligible to sign on as stakeholders. Under the scheme, every signatorywould receive dividends itcan use in their communities. Eightyper cent of the profits would go into a Sovereign Wealth Fund.

The group is not the only Indigenous-led group seeking ownership of the pipeline project.

Another group,the Indian ResourceCouncil(IRC), which represents134 First Nations that haveoil and gas resources on their land, is also supporting Project Reconciliation's efforts to buy a majority interest in the pipeline.

Several B.C. First Nations, including theSquamish and Tsleil-Waututh nations, have opposed the pipeline project.

Final decision expected in June

The project, the twinningof the 1,150-kilometre-long Trans Mountain pipeline, will nearly triple its capacity to an estimated 890,000 barrels a day and increase traffic off B.C.'s coast from approximately five tankers to 34 tankers a month.

The Liberal government purchased the project for $4.5billion in 2018, but then the Federal Court quashed initial cabinet approvalof the expanded pipeline. This forced Ottawa to start over on Indigenous consultation and marine-related environmental assessment, two key issues.

The federal government is expected to announcea decision on theTrans Mountain pipeline by June 18.