Federal government to sell Ridley coal terminal, with First Nations touted as potential part owners – Brent Jang (Globe and Mail – August 10, 2018)

https://www.theglobeandmail.com/

Ottawa plans to sell Ridley Terminals Inc., a federal Crown corporation that owns a B.C. coal export facility, to buyers that could include Indigenous groups partnering with a private-sector firm.

Transport Minister Marc Garneau said on Thursday the terminal at the Port of Prince Rupert in Northern British Columbia is back on the block and Ottawa is seeking Indigenous input on the sale.

“By consulting early on with Indigenous communities on the future of Ridley, we are reiterating our commitment to advance reconciliation and to renew the relationship between the Crown and Indigenous peoples in Canada,” Mr. Garneau said in a statement.

The previous Conservative government said in late 2012 that it wanted to sell Ridley. Those plans, which were delayed as coal prices declined from 2013 to 2015, went into limbo when the Liberals took office in November, 2015.

Canada Development Investment Corp., a federal Crown corporation that began the process of selling Ridley in December, 2012, has been retained again to oversee the relaunch of the sale process.

For the rest of this article: https://www.theglobeandmail.com/business/article-federal-government-to-sell-ridley-coal-terminal-with-first-nations/

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