With ownership of a major infrastructure projects comes economic prosperity, decision-making, environmental stewardship and community oversight.

Project Reconciliation is facilitating the 100% Indigenous-owned acquisition of Trans Mountain Corporation, in its entirety, at no equity requirement or liability for any of the 129 Indigenous communities.

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.

Prosperity for All Impacted Communities

All 129 Indigenous communities that the Federal Government as deemed to be impacted.
Here’s how Project Reconciliation’s allocation model differs from all others
The key differentiator is where Trans Mountain’s annual net-cash flow* is distributed between the varying participating Indigenous communities and the Indigenous Sovereign Wealth Fund (ISWF2).

Project Reconciliation’s Proposed

Allocation Model Share Class Structure

Share allocations are based on proximity, level of impact and population

Higher share allocations are provided to those Indigenous communities closer to the pipeline right of way. The percentage of Indigenous ownership will still be 100%. Different Share Classes reflect the varying percentages of ownership. This ensure the interest is shared fairly, as possible, amongst the 129 Indigenous communities.


A++ Share Class


Indigenous communities whose reserve lands are directly impacted by the pipeline right-of-way or border a body of water that is downstream or adjacent/crossed by the pipeline

A+ Share Class


Indigenous communities who are less than 30 km from the pipeline right-of-way

A Share Class


Indigenous communities who are 30 km to 140 km from the pipeline right-of-way

B Share Class


Indigenous communities who are greater than 140 km from the pipeline right-of-way

C Share Class


Metis Communities

Distribution of Equity Ownership
Our model states that equity interest should be proportionately distributed amongst those Indigenous communities most impacted by the pipeline.
Below we outline the proposed percentage of each Share Class in Project Reconciliation’s 100% ownership interest in Trans Mountain Corporation. (‘Unit Holders’ are Indigenous communities.)