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TransCanada Corp
Symbol C : TRP
Shares Issued 918,021,065
Close 2019-01-17 C$ 54.96
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FP says Alberta first nations eye former Kinder project

2019-01-17 06:53 ET - In the News

See In the News (C-KML) Kinder Morgan Canada Ltd (2)

The Financial Post reports in its Thursday edition that Alberta first nations are considering a bid to buy an interest in the Trans Mountain pipeline from Ottawa. The Post's Geoffrey Morgan writes that Marlene Poitras, the Alberta regional chief for the Assembly of First Nations, said that she had informed Finance Minister Bill Morneau of the interest of Alberta's indigenous communities in buying an interest in the project. Speaking at the indigenous energy summit on the Tsuu T'ina Nation, a reserve on the edge of Calgary, Ms. Poitras said she had also advised the Assembly of First Nations National Chief Perry Bellegarde and the Alberta provincial government that indigenous groups are looking to buy into the pipeline project. She said, "I believe that in order to create real economies on reserves, real progress must be made on real indicators." She adds that projects need to boost wages for aboriginal people, educational opportunities and ownership opportunities. However, Ian Anderson, Trans Mountain chief executive officer, said Wednesday "there's no project to invest in at this point" because the expansion still needs regulatory approvals from the National Energy Board before it can proceed to construction.

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