100% Indigenous Ownership of
100% Trans Mountain Corporation (TMC)
TMC PURCHASE PROPOSAL
100% Indigenous ownership of
Trans Mountain Corp. (“TMC”)
No costs to any of the 129 Indigenous Nations
NO Financial Liability
No Financial Liability for any of the 129 Indigenous Nations for any operational risks
Indigenous Nation Choice
(1) Equity Ownership
(2) Revenue Sharing or
(3) Undecided and held in trust (time limit)
NO Indigenous Nation Debt
Non-recourse to any of the 129 Indigenous nations for failure to repay – Payment secured by shipping contracts
Indigenous Decision Making
Indigenous decision making of TMC operations through our proposed governance model
TMC as the Operator
TMC will remain the operator.
TMC will report to the newly appointed board, decided by the Indigenous equity owners
We are Ready! Find out more ->
What is in it for Rec Inc or PRI?
We will facilitate this unique and highly complex transaction in the purchase of TMC for the 129 Indigenous nations
We will assist in the financial and technical administration of the ownership partnerships, as needed
On successful completion of the acquisition, we propose annual management and administrative fees of approximately 0.33% (~$5 million) of the pipeline’s annual projected $1.5 billion in EBITDA (2021)
Project Reconciliation or any entity under Project Reconciliation will NOT own any portion of TMC
Reconciliation Inc.’s management team has proven track records of Indigenous-based investments and partnerships for value creation and shareholder growth.
The team brings together strong technical, capital markets and commercial capabilities in executing joint ventures, and Indigenous and stakeholder engagement and partnerships.
Steve brings extensive experience with high-level government policy makers, First Nations communities and non-governmental agencies.
His landmark research papers on energy, environment and economy, including on Indigenous inclusion, have been published in leading international journals and have been cited more than 7,500 times according to Google Scholar.
He has served as advisor to business and governments and serves as a non-executive member of the boards of directors of Toronto and London stock exchange-traded, and private equity-owned, energy companies.
Michelle holds a Bachelor of Science in Natural Resource Management-Forestry and a Certificate in Aboriginal Resource Community Planning from the University of Northern British Columbia; as well as an Applied Communications Certificate from the University of Calgary
Peter holds an Honours Bachelor of Environmental Studies degree from the University of Waterloo and was president of his own Environmental company for over a decade. Peter has actively engaged Indigenous communities in B.C., Alberta, Saskatchewan, Manitoba, Ontario and Provincial and Federal Government agencies on behalf of Industry.
Peter recently served on the CEPA Indigenous Affairs working group as a subject matter expert in the field of consultation and relationship building. He also guest lectures at Mount Royal University and the University of Calgary where he has sat as an Advisory Board member to the faculties of environmental studies over the past decade.