OUR FINANCING

INVOLVES $15+ BILLION

IN CAPITAL

 

We are finance ready

Financing

Securing Investment

Project Reconciliation is in advanced discussions with major financial institutions to secure the financing to acquire TMC. A syndicated bond financing plan – led by a Tier 1 bank – is in place to secure all funds needed to purchase 100% of Trans Mountain Corporation.

Protecting Investment

While the providers of finance (banks, financial institutions, pension funds) will not receive an equity position in TMC, their bond covenants and contract clauses will ensure the pipeline remains available for operations, except for maintenance shut-downs, environmental and safety concerns.

Interested in more detail? Please email our financial team at info@projectreconciliation.ca

Governance

Our Governance framework is a living model. Indigenous leaders will shape the framework to ensure it continues to honour Indigenous Peoples’ rights to self-reliance, self-determination and self-governance.

Indigenous Oversight and Guidance

Under the Project Reconciliation umbrella, governance for all PRI entities will incorporate Indigenous traditional knowledge and best practices from corporate governance in Canada.

Indigenous Unit Holders will be represented in a Unit Holders Assembly which will make key policy decisions (voting in proportion to their interests) and approve a Trans Mountain Corporation (TMC) Board of Directors, as nominated by the Board’s Governance Committee. This nomination and approval process will ensure the right balance between required skills and unit holder representation on the TMC board.

Indigenous Appointed Board

This Board of Directors will be responsible for acting in the best interests of the Indigenous communities they represent in managing the business and affairs of TMC.

The Unit Holders Assembly will be responsible for key policy decisions , including, among others:

  • Decisions on expansion to groups outside of the 129;
  • Approaches to environmental stewardship policies; and
  • The proportion of net revenue to be dividend between: (i) dividends/revenue-sharing to participating Indigenous groups; and (ii) contributions to the Indigenous Sovereign Wealth Fund (ISWF).