With ownership of a major infrastructure projects comes economic prosperity, decision-making, environmental stewardship and community oversight.
An empowering and inclusive framework of partnership to foster economic independence and strengthen environmental stewardship for Canada’s Indigenous Peoples
Bridging the Gap
Project Reconciliations seeks to bridge the prosperity gap between Indigenous and Non-Indigenous people in Canada. All while facilitating Canada’s transition from fossils fuels to low-carbon energy.
A Future Long Overdue
Project Reconciliation envisions a future where Indigenous ownership is fully integrated into Canada’s investment in, and development of, energy transition projects.
The Right Approach
Project Reconciliation is ready to facilitate the purchase of 100% of Trans Mountain Corporation – where all 129 Indigenous communities become 100% owners of TMC.
Facilitating a pivot in Canada’s resource and infrastructure ownership.
Integrating Corporate best practices and Indigenous traditional governance and environmental stewardship.
Creating a sustainable generational revenue stream and being decision makers for major Canadian infrastructure.
100% Indigenous Ownership in
100% of Trans Mountain Corporation
Indigenous ownership means Trans Mountain Corporation (TMC) operations will:
- have Indigenous governance leadership through the TMC Board of Directors
- embrace the highest environmental standards with Indigenous traditional knowledge
- provide Indigenous access to revenue-streams from today’s fossil fuel industry to invest in tomorrow’s energy innovations
No up-front equity requirement by participating Indigenous groups
Project Reconciliation will finance the acquisition entirely through issuing project-based, non-recourse debt. This acquisition will reimburse Canada’s taxpayers for their cost to purchase Trans Mountain Corporation at fair market price, estimated to be $15+ billion CDA.
No financial liability through limited liability structure
The Project Reconciliation model eliminates the financial liability recourse back to Indigenous community partners, including exposure to operational risks (i.e., catastrophic failure, spills, leakages, etc.)
Owners – not Operators
Indigenous communities will own 100% of Trans Mountain Corporation (TMC). As owners, they will appoint and/or elect a Board of Directors with diverse backgrounds and qualifications whose responsibility is to manage and direct the business and affairs of the company. We will not be seeking a new operating partner. We recognize TMC already has industry leading pipeline expertise and operating standards, having safely operated for nearly 70 years, thus TMC will remain the operator and will report to the Board.
What’s in it for Project Reconciliation?
Project Reconciliation will facilitate this unique and highly complex transaction and will assist in the financial and technical administration of the ownership partnerships, as needed.
On successful completion of the acquisition, Project Reconciliation would earn annual management and administrative fees of approximately 0.33% (~$5 million) of the pipeline’s annual projected $1.5 billion in EBITDA.