Canada to sell pipeline stake to Indigenous groups through special vehicle

Robert Tuttle

Bloomberg News

Canada plans to sell a stake in the Trans Mountain oil pipeline to Indigenous groups through a special purpose vehicle that will allow individual communities to buy into the enterprise.

The government will provide the groups with access to capital so they don’t have to risk any of their own money to participate, according to a letter from Deputy Prime Minister Chrystia Freeland’s office that was obtained by Bloomberg.

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