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Trans Mountain to Sell 30% to Indigenous Groups, Premier Says.
- Source :
- Bloomberg.com; 6/12/2024, pN.PAG-N.PAG, 1p
- Publication Year :
- 2024
-
Abstract
- Canada's federal government is planning to sell a 30% stake in the Trans Mountain pipeline system to indigenous owners, according to Alberta's premier. The government aims to raise C$10 billion ($7.3 billion) in equity to privatize the system, with the indigenous partners owning 30% of the stake. The government has proposed a special-purpose vehicle for First Nations groups to hold a stake in the pipeline, and it intends to provide risk-free access to capital for those who choose to participate. The sales process has faced delays, but the government remains committed to selling the pipeline and involving First Nations. [Extracted from the article]
- Subjects :
- PRIME ministers
CANADIAN federal government
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 177819897