Indigenous energy summit includes session on pipeline ownership options

Steven Saddleback of the Indian Resource Council says a session will feature presentations on financing models

First Nations that produce oil and gas in Canada will hear presentations Wednesday at the Indigenous Energy Summit on how they might take ownership of major energy projects, including the Trans Mountain pipeline.

Steven Saddleback of the Indian Resource Council says a session will feature presentations on financing models that could be followed to allow ownership of major projects including the oil pipeline from Edmonton to Burnaby, B.C.

When the federal government bought Trans Mountain and its controversial expansion project from Kinder Morgan Canada Ltd. last year for $4.5 billion, it signalled that it did not intend to hold it for the long term and that potential buyers included Indigenous groups.

Saddleback says other potential “long-term viable opportunities” to be discussed at the summit on the Tsuut’ina Nation outside Calgary include Canadian National Railway Co.’s proposal to make pellets from oilsands bitumen — dubbed “CanaPux” — for easier transportation to customers in Asia.

The Indian Resource Council, which has about 130 members, is to hold its annual general meeting on Thursday.

IRC member Bernard Shepherd, a councillor for Saskatchewan’s Whitebear First Nation, says Trans Mountain could be a good long-term investment and financing would not necessarily be an insurmountable obstacle.

“Some of the other activities going on around the pipeline offer short-term jobs but I think actually investing in it, owning it, I think that’s where there’s a long-term revenue stream,” he said.

He said he doesn’t think Indigenous ownership would necessarily help ensure the pipeline expansion is built, given the opposition from some environmental and Indigenous groups.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

Whalers girls stop 49ers

Ballenas Whalers senior girls soccer team ended their regular league on a… Continue reading

Third delivery of building units for 222 Corfield in Parksville arrives April 26

Vehicles should expect intermittent, single-lane alternating traffic

City of Parksville to look into cost, process of beach cleanup

Cleanup would include removing rotten logs, adding sand

BC Ferries to pilot selling beer and wine on select routes

Drinks from select B.C. breweries and VQA wineries to be sold on Swartz Bay to Tsawwassen route

VIDEO: Alberta man creates world’s biggest caricature

Dean Foster is trying to break the world record for a radio show contest

Chaos at the ferry terminal for people heading from Vancouver to the Island

Easter crowds create backlog at Tsawwassen ferry terminal

B.C. RCMP receive application for Police Cat Services

RCMP announced the launch of the Police Cat Services unit as an April fools joke

Kirkland Signature veggie burgers recalled due to possible metal fragments

Recalled products came in 1.7 kg packages with a best before date of Apr. 23, 2019

Parents of 13 who tortured children get life after hearing victims

One of their daughters fled their home and pleaded for help to a 911 operator

Flooding, climate change force Quebecers to rethink relationship with water

Compensation for victims of recurring floods limit to 50% of a home’s value, or a maximum of $100,000

Storms blast South, where tornadoes threaten several states

9.7 million people in the Carolinas and Virginia at a moderate risk of severe weather

Private cargo ship brings Easter feast to the space station

There are three Americans two Russians and one Canadian living on the space station

Notre Dame rector: “Computer glitch” possible fire culprit

The fire burned through the lattice of oak beams supporting the monument’s vaulted stone ceiling

Most Read