Federal Finance Minister Bill Morneau speaks to the Economic Club of Canada about the federal budget in Calgary, Alta., Monday, March 25, 2019.THE CANADIAN PRESS/Jeff McIntosh

Morneau unveils principles for Indigenous ownership in Trans Mountain pipeline

The controversial pipeline was bought by Ottawa last year

Finance Minister Bill Morneau says the government remains committed to putting the Trans Mountain pipeline and its proposed expansion back in private hands as he unveiled four principles for including Indigenous groups in those discussions.

But he says timing and details of the sale of the pipeline depends on when it is “de-risked” and therefore can’t be determined until consultations now underway with affected Indigenous groups are completed.

The minister says discussions of potential Indigenous ownership could proceed if the communities would have “meaningful economic participation”, if the deal can proceed in the spirit of reconciliation, and if the resulting entity works to the benefit of all Canadians and on a commercial basis.

Morneau is in Calgary to promote last week’s federal budget. His next stops are in Vancouver and Edmonton.

Chanting and honking horns could be heard from a large gathering of pro-pipeline picketers across the street from the Fairmont Palliser hotel while Morneau spoke to the Economic Club of Canada.

In his speech, he said Ottawa realizes that resource-dependent provinces like Alberta have different economic challenges than others and vowed to continue to implement measures that encourage confidence and optimism.

“We’ve been very clear that we see the importance of getting our resources to international markets. We’ve also been very clear that the only way these projects can get done is if they’re done in the right way,” he said.

“I hope and expect that Albertans will see that we’re comporting ourselves in the way we need to in the face of getting a project done.”

READ MORE: B.C. argues it cannot stop Trans Mountain, but it can protect environment

The Canadian Press


Like us on Facebook and follow us on Twitter.

Just Posted

Lacombe and District Chamber of Commerce hosts 38th annual Spring Trade Show

Show runs April 26th, 27th at the Gary Moe Auto Group Sportsplex

Lacombe Grade 6 students become Mayor for a Day at City Hall

Students took part in a mock City council meeting

Town of Blackfalds holds Multi-Plex Open House

Designs for dual-arena, expanded library shown at public consultation

Lacombe’s Galactic Wranglers Robotics Club earns way to World Championships

Community donates over $18,000 for Houston trip in five days

Lacombe Rams Rugby off to promising start in 2019

Coach looking for right mix of veterans and new players

‘No answers:’ Canadians react to Sri Lanka bombings that killed hundreds

The co-ordinated bomb attacks killed at least 207 people and injured 450 more on Easter Sunday

Person airlifted to hospital after avalanche in Yoho National Park has died

The man was among a party of three involved in an avalanche Saturday afternoon

QUIZ: How much do you know about Easter?

Take this short quiz and put your knowledge to the test

Global Affairs warns Canadians in Sri Lanka there could be more attacks

A series of bomb blasts killed at least 207 people and injured hundreds more

Parents say Austrian climber missing in Banff National Park ‘lived his dream’

David Lama, Hansjorg Auer and American climber Jess Roskelley have been missing since Wednesday

Six months after legalization, high prices and supply issues boost illicit pot market

It has been six months since Canada became the first industrialized country to legalize recreational cannabis

Kirkland Signature veggie burgers recalled due to possible metal fragments

Recalled products came in 1.7 kg packages with a best before date of Apr. 23, 2019

Flooding, climate change force Quebecers to rethink relationship with water

Compensation for victims of recurring floods limit to 50% of a home’s value, or a maximum of $100,000

Storms blast South, where tornadoes threaten several states

9.7 million people in the Carolinas and Virginia at a moderate risk of severe weather

Most Read