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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.
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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
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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
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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