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The director of one of the groups seeking to buy a stake in the Trans Mountain pipeline says nothing less than “material” ownership by Indigenous people is acceptable if Ottawa is serious about reconciliation.
The federal government recently launched talks with more than 120 western Canadian Indigenous communities whose lands are located along the pipeline route, to find out if any of them are interested in acquiring a minority stake.
It’s the first part of what will be a two-phase divestment process by the federal government, which bought Trans Mountain in 2019 but has always stated it does not intend to be the long-term owner.
The second phase of the divestment process will involve the consideration of commercial offers for the remaining stake in the pipeline.
Project Reconciliation is an initiative that has lined up its own financing for a Trans Mountain bid in an effort to secure Indigenous economic participation in the pipeline. It intends to participate in the second phase of the divestment process.
Canada’s premiers have sent a letter to Prime Minister Justin Trudeau asking the federal government to extend the repayment period for a year for interest-free loans to small businesses and non-profits given during the pandemic.
The federal government’s Canada Emergency Business Account offered interest-free loans of up to $60,000 to small businesses during the COVID-19 pandemic.
B.C. Premier David Eby says in a letter to the prime minister that small businesses, like most other Canadians, are feeling squeezed by the rising cost of housing, groceries and other daily essentials, and just when they are starting to recover after the pandemic they are facing rising inflation and interest rates.
Canada’s main stock index was
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