Enbridge deal with Indigenous groups in Alberta a model for Trans Mountain sale, say industry insiders

Finance Minister Chrystia Freeland announced on Feb. 18, 2022, that the federal government would not put any more public money into the Trans Mountain Corporation, but critics say the loan guarantees the government has provided since then still count as public money.

A recently announced pipeline deal in Alberta provides a preview of what a successful Indigenous bid for a stake in the Trans Mountain pipeline could look like. But the federal government, the potential Indigenous buyers, and the oil companies who pay to use the pipeline still have to hammer out who will absorb the brunt of the $21.4-billion expansion project’s massive cost overruns.Enjoy unlimited website access and the digital newspaper.

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