Nesika Services News Today

Trans Mountain quietly received another $2B loan while it wrote off another $1B off its balance sheet. This, as the project's cost and risk to taxpayers, soars.

In a recent letter to Indigenous groups, Finance Minister Chrystia Freeland said Ottawa would provide financial backing to First Nations and Metis communities to help them acquire stakes in the project

Ottawa is guaranteeing $1.75-billion to $2-billion of financing provided by commercial lenders, which follows an earlier guarantee for $750-million to $1-billion of debt

Ottawa has talked about selling a stake in the pipeline to Indigenous groups since 2019, but some First Nations have dropped out of discussions they see as stalled

A wealth gap exists between Indigenous peoples and other Canadians. Some First Nations believe buying the Trans Mountain pipeline might fix it

Construction costs of the expansion have ballooned by 70 per cent to $21.4 billion

Indigenous-led groups remain committed to pursuing ownership of the Trans Mountain pipeline, even as cost overruns for the pipeline expansion project soar.

Construction costs of the expansion have ballooned by 70 per cent to $21.4 billion

CALGARY — Indigenous-led groups remain committed to pursuing ownership of the Trans Mountain pipeline, even as cost overruns for the pipeline expansion project soar. Last month, the federal Crown corporation that owns the pipeline revealed estimated co...

CALGARY - Indigenous-led groups remain committed to pursuing ownership of the Trans Mountain pipelin...