With ownership comes economic prosperity, decision-making, environmental stewardship, and community oversight as true partners in energy transition and infrastructure projects in Canada.

Project Reconciliation is facilitating the 100% Indigenous-owned acquisition of Trans Mountain Corporation, in its entirety, including the Trans Mountain pipeline – at no equity requirement or liability for Indigenous communities.
Project Reconciliation provides an inclusive framework to move towards Indigenous economic sovereignty.

An empowering framework of partnership to foster economic independence and strengthen environmental stewardship for Canada’s Indigenous Peoples

Bridging the Gap

Facilitating a pivot in Canada’s resource and infrastructure ownership, Project Reconciliation (PRI) seeks to bridge the prosperity gap between Indigenous communities and non-Indigenous people.

A Future Long Overdue

Indigenous Ownership of Canada’s resource infrastructure is long overdue. We envision a future where Indigenous ownership is fully integrated into Canada’s investment in, and development of, emerging low-carbon energy transition and infrastructure projects.

The Right Approach

Our model provides the right approach. Project Reconciliation is ready to facilitate and manage the purchase of 100% of Trans Mountain Corporation by all participating Indigenous groups.

All while facilitating Canada’s transition from fossil fuels to low-carbon energy.

All while integrating corporate best practices and Indigenous knowledge of environmental stewardship.

All while having a place at the decision-making table and creating sustainable revenue for Indigenous communities now, and for generations to come.

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 TMC.

No financial liability

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 0.33% (~$5 million) of the pipeline’s annual $1.5 billion in EBIDTA.

Prosperity for Impacted Nations

We are working within the framework of 129 Indigenous communities that the Federal Government has deemed to be impacted.
Here’s how the Project Reconciliation Model differs from all others.
The key differentiator of Project Reconciliation is in our unique model where TMC’s annual net-cash flow* is distributed between the participating Indigenous community owners, and the Indigenous Sovereign Wealth Fund (ISWF2).

A Share Class Structure Based on Location and Impact of Operations

Share allocations are based on proximity to the pipeline right-of-way
Higher share allocations are provided to those Indigenous communities closer to, and therefore more impacted by, the pipeline. The percentage of Indigenous ownership will still be 100%. To reflect the impact and potential impact of the TMX pipeline operations on various communities, different Share Classes reflect varying percentages of equity ownership. This ensures that most of the equity interest in Project Reconciliation is shared amongst the First Nations most impacted by the pipeline.


A++ Share Class


for First Nations whose reserve lands (including active land claims) are dissected by the pipeline path OR border a body of water that is adjacent to it

A+ Share Class


for First Nations whose band office is less than 30 km from the pipeline path

A Share Class


for First Nations whose band office is 30 to 140 km from the pipeline

B Share Class


for First Nations whose band office is greater than 140 km from the pipeline path

C Share Class


Metis Communities

Distribution of Equity Ownership
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.
Our model states that equity interest should be proportionately distributed amongst the First Nations most impacted by the pipeline.