Ottawa Offers Indigenous Groups 15% of Trans Mountain
The federal government has offered Indigenous groups a collective 15 per cent ownership stake in the Trans Mountain pipeline, CBC reports. The offer advances a long-promised plan to give First Nations equity in federally owned infrastructure that carries Alberta crude to a Vancouver-area export terminal. The word doing quiet work here is collective: this is a single pooled stake being offered to groups along the route, not a set of individual holdings.
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Equity is a different relationship than consultation. Instead of being asked for input on a pipeline, the groups would hold a financial interest in it.
That cuts both ways. A pooled 15 per cent stake ties the holders to how the asset performs, and it is a minority position — enough to matter financially, not enough to control the thing.