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.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Port Hardy RCMP discuss reconciliation with First Nations

The RCMP “want to be emotionally respectful of the past while still trying to uphold the laws.”

VIDEO: Wounded Warrior Run leaves Port Hardy on eight-day trek down island

The team’s fundraising goal this year is $250,000, which is double last year’s goal.

Claims already being staked after GeoScience BC report released

In the first 15 days following the report, a total of 34 new claims were staked.

Bradshaw’s Photo Highlight: Waulkwass River

A kingfisher and some trumpeter swans came by close enough to get a few shots.

Port Hardy RCMP investigating drug offences

Both vehicle occupants may face future charges related to the suspected drugs and cash.

VIDEO: Feds warned agricultural sector near ‘tipping point’ due to blockades

Canadian Federation of Agriculture points to lack of propane and feed due to Coastal GasLink dispute

B.C. terminates contract with hospice society refusing assisted death

Delta Hospice Society loses hospital service fund of $1.5 million

Island woman’s tats put her in the running for $25,000 prize and Inked magazine cover photo shoot

Chemainus Secondary grad and Ladysmith resident a strong contender in voting

Seven arrested at blocked rail line in northern B.C., police say

But a Gitxsan hereditary chief says 14 were arrested, as fight over natural gas pipeline continues

Hospital parking fees needed, but changes to payment system possible, health minister says

B.C. health minister Adrian Dix says hospital parking doesn’t need to be so stressful

Protecting privacy key to stopping spread of COVID-19, B.C. health officials say

The number of coronavirus cases in B.C. remains at seven

IHOP to host seventh annual National Pancake Day

IHOP will be offering free short-stack pancakes in support of BC Children’s Hospital on Tuesday

Do you talk to your spouse about money? 42% of Canadians don’t, poll suggests

Politics, sex, religion top list of taboo subjects for Canadians

Most Read