https://business.financialpost.com/
A deal ahead of October election could ease criticism over broken promises on the environment and indigenous rights
CALGARY — An indigenous-led group plans to offer to buy a majority stake in the Trans Mountain oil pipeline from the Canadian government this week or next, a deal that could help Prime Minister Justin Trudeau mitigate election-year criticism from environmentalists.
The group, called Project Reconciliation, aims to submit the $6.9 billion offer as early as Friday, managing director Stephen Mason told Reuters, and start negotiations with Ottawa two weeks later.
Project Reconciliation said the investment will alleviate First Nations poverty, a watershed for indigenous people who have historically watched Canada’s resources enrich others.